The housing market’s stagnation this year is projected to carry over into 2024. But a forecast published today by Realtor.com identifies metro areas that are poised to see…
Read more Toledo Is Hot for Housing. Plus, 2 Affordable Regions.The numbers: U.S. new-home sales fell 5.6% to a seasonally adjusted annual rate of 679,000 in October, from a revised 719,000 in September, the government reported Monday. Analysts…
Read more New-home sales drop in October to much lower level than expectedNov 12, 2023, 1:00 am EST Home prices keep going up, defying mortgage rates at 23-year highs and a housing market that hasn’t been this unaffordable since the…
Read more Home Prices Could Come Down. What It Would Take for an Ugly Slide.Construction spending rose in September, as companies and the government continued to ramp up projects across the U.S. Spending on construction projects rose 0.4% in September to nearly…
Read more U.S. construction spending rises for the ninth month in a row in SeptemberThe 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 RecessionKB Home shares declined in the extended session Wednesday even after the home builder reported results that topped Wall Street estimates, hiked its revenue forecast for the year…
Read more KB Home stock slips despite earnings beat, raised forecast and ‘steady’ demandThe 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 ’80sChinese regulators eased the nation’s mortgage requirements to let more home buyers enjoy favorable mortgage conditions that were previously limited to first-time home purchasers, the state-run Xinhua News…
Read more China Rolls Out New Mortgage Rules to Boost Home Sales, Xinhua SaysThe 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 2000By Joe Hoppe The average house price in the U.K. fell 1.9%, or 7,012 pounds ($8,938) in the month to August 12–the biggest fall in asking prices in…
Read more UK House Prices Fell at Fastest Rate on Month Since 2018The majority of second-quarter earnings season is over, with a handful of major technology and retail names left to report this week. Economists will be focused on any…
Read more Nvidia, Lowe’s, Dollar Tree, and More to WatchBuying a Home Is Getting Out of Reach. How Much 7% Mortgage Rates Need to Fall. Source link
Read more Buying a Home Is Getting Out of Reach. Those 7% Mortgage Rates Are the Reason Why.Housing market has hit ‘rock bottom,’ says Redfin CEO Source link
Read more Housing market has hit ‘rock bottom,’ says Redfin CEO Glenn KelmanThe 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: Construction on new American homes jumped 21.7% in May, as homebuilders ramp up building single-family homes to meet strong demand from buyers. Housing starts rose to…
Read more U.S. housing starts surge as builders rev up single-family home construction in May, while a housing shortage drags on
