The numbers: U.S. pending home sales rebounded in September but remain near a record low as high mortgage rates and low inventory continue to hurt the real-estate sector.…
Read more U.S. pending home sales stay near record low despite modest pickup in SeptemberThe numbers: Home sales in September fell to the lowest level since 2010, as high mortgage rates continue to hammer the housing market. Aside from low inventory, rising…
Read more U.S. home sales fell in September to the lowest level since the Great RecessionThe numbers: Construction of new U.S. homes fell 11.3% in August — falling short of Wall Street expectations — as builders scaled back new projects to focus on…
Read more U.S. housing starts drop to lowest level since June 2020The Federal Reserve’s inflation fight has been particularly brutal for anyone not already a U.S. homeowner before interest rates and mortgage rates rose to 15-year highs. With mortgage…
Read more How the U.S. housing market got stuck in the ’80sThe numbers: Mortgage rates rose for the fourth week in a row to the highest level since 2000, as the economy continues to show strength. Rates surged as…
Read more Home buyers flee the housing market as mortgage rates surge to the highest level since 2000With mortgage rates firmly above 7%, homeownership has become much more expensive. But will rates go even higher? Three experts told MarketWatch that if the economy continues to…
Read more Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great RecessionThe numbers: Home sales inched up for the first time in four months, even as the U.S. housing market continues to deal with a dearth of listings. Pending…
Read more ‘The housing recession is over,’ real-estate group says, as pending home sales tick up for the first time in 4 monthsThe housing market may feel out of whack to home buyers coping with fast-rising home prices and 7% mortgage rates. But like it or not, the housing market…
Read more ‘There’s nothing in the data that shows prices crash’: America’s housing market is showing remarkable resilienceIf you’re a retiree and you’re trying to square the circle of rising costs, longer lifespans, more expensive medical care and turbulent markets, don’t be afraid to run…
Read more With house prices this high, boomers may want to become rentersThe construction industry posted a slight gain in May as companies and the government increased spending on projects across the U.S. Spending on construction projects rose 0.9% in…
Read more Construction spending inches up, showing signs of a recovery in housingThe numbers: Mortgage rates slide down to the lowest level in six weeks as consumers feel uncertain about the state of the U.S. economy. The 30-year fixed-rate mortgage…
Read more Mortgage rates fall to lowest level in six weeksThe numbers: U.S. existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.02 million in December, the National Association of Realtors said Friday. This is the…
Read more U.S. existing-home sales fall for the eleventh straight month in DecemberThe numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 8 points to 38 in October, the trade group said on Tuesday. It’s the tenth month…
Read more Home builders sentiment index falls for record tenth month in a row in October. Home builders say the ‘situation is unhealthy and unsustainable.’
