Today: 16. Nov, 2024
In a startling economic indicator, pending home sales have plummeted to their lowest level since record-keeping began in 2001, surpassing the declines seen during the financial crisis over a decade ago. The National Association of Realtors (NAR) reported a 1.5% drop in…
As the American economy grapples with the after-effects of a global pandemic, the housing market presents a paradox. Despite soaring mortgage rates, home prices continue to escalate, challenging economic forecasts and defying traditional market behaviour. The latest S&P Case-Shiller Index provides a…
In a startling downturn, home sales across the United States have plummeted to their lowest point in thirteen years this October, as the National Association of Realtors reported. The figures are alarming—only 3.79 million units sold at a seasonally adjusted annualized rate,…
As we approach the end of the year, the bond market is exhibiting signs of a significant turnaround, instilling a sense of optimism among investors and analysts alike. This shift comes amidst declining bond yields and a hopeful outlook on inflation rates.…
The quest for homeownership has hit rough waters, with mortgage rates reaching daunting heights unseen in over two decades. Despite these financial tempests, determined buyers continue to set sail in the housing market, seeking ways to stretch their budgets and navigate the…
In a startling turnaround, the landscape of the housing market has shifted, with mortgage rates experiencing the sharpest decline seen in over a year. This drop has invigorated the mortgage sector, marking an upturn in demand that has been stagnant for weeks.…
The Federal Reserve’s recent decision to keep the federal funds rate unchanged marks the second consecutive time this policy stance has been adopted, leaving the rate at 5.25% to 5.5%, the highest in over 22 years. While this move might provide stability,…
The average 30-year fixed mortgage rate in the United States has hit an astonishing 8% for the first time since 2000, leaving many potential homebuyers grappling with affordability. As Jessica Lautz, deputy chief economist and vice president of research at the National…
The market landscape is witnessing significant shifts as long-term Treasury yields reach levels not seen since the Great Recession, impacting various sectors of the economy, including the housing market and consumer loans. As 10-year Treasury yields flirt with 5% and mortgage rates…
The United States real estate market has faced a significant downturn, with September home sales dropping to the lowest since the foreclosure crisis in 2010. This dip represents a 2% decrease from August and a 15.4% decline compared to September of the…
