Today: 16. Nov, 2024
The housing market is challenging as builder confidence for single-family homes plunges to its lowest since January. This downturn is primarily attributed to the surging mortgage rates and increased costs tied to financing. The recent National Association of Home Builders/Wells Fargo Housing…
Financial markets have ridden the roller coaster of fluctuating interest rates for nearly two years. Policymakers at the Federal Reserve have been juggling the problem of managing inflation amidst an environment of rising treasury yields. However, there’s an emerging consensus among experts:…
Halifax reports a 4.6% decrease in house prices as elevated interest rates curb the enthusiasm of potential buyers. The UK housing market has witnessed its most significant yearly decline in 14 years, attributed to the summer’s seasonal downturn and the burden of…
Despite posting £705 million in annual profits, the home construction company highlights obstacles in mortgage affordability as a limiting factor for buyers. The UK’s leading homebuilding firm, Barratt Developments, foresees a challenging landscape for the housing market in the near term, attributing…
A sharp 5.3% decrease is observed, correlating with a roughly 40% drop in sales completions in the first half of the year versus 2021. August witnessed a 5.3% decline in UK house prices compared to the same time last year, marking the…
Crest Nicholson predicts decreased profits as first-time homebuyer numbers plummet. UK homebuilders faced the brunt of the stock market’s backlash following a profit warning from a leading firm in the sector. This was combined with information showcasing the most significant dip in…
The latest actions from prominent lenders such as Nationwide, HSBC, and TSB, who have slashed their fixed mortgage rates, indicate that the peak of home loan costs might be near after escalating to almost 7%. This move is in response to data…
As August 2023 approaches, the housing market continues to face significant hurdles, leaving both buyers and sellers grappling with difficulties due to limited inventory and surging mortgage rates. Despite the usual upswing in spring and summer, the market remains stagnant, and there…
Even though mortgage rates stayed constant last week, they remain close to a recent peak. The ongoing escalation in house prices has led potential homeowners to step back. The Mortgage Bankers Association’s seasonally adjusted index showed a 1.8% decline in overall mortgage…
Pre-owned home sales in June plunged by 3.3% compared to May, resulting in a seasonally adjusted annualized rate of 4.16 million units, as the National Association of Realtors reported. This dip marks an 18.9% decrease compared to the same period in the…
