‘The U.S. housing market is crumbling under the weight of higher mortgage rates and rock-bottom affordability’: Prices fell the most in these U.S. states
Americans are finding it hard to afford homes at mortgage levels now beyond 7%, according to some measures. Home prices have begun to reflect that....
Steepest Home-Price Declines in Fourth Quarter Were in the West: WSJ
U.S. home prices rose in the fourth quarter from a year earlier, but once-booming West Coast markets were among a growing number of metro areas...
Home flipping profits drop at fastest pace in over a decade
As the housing market cools quickly, house flippers are finding it harder to make fast profits. In the third quarter, gross flipping profit, which is...
In China’s property crisis, global asset managers see opportunity in rental housing By Reuters
[ad_1] © Reuters. FILE PHOTO: Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song By Clare Jim...
Home-Price Growth Slows Under Tide of Rising Mortgage Rates
U.S. home-price growth slowed sharply in the third quarter, the National Association of Realtors said, as affordability remained near its lowest level in decades. [ad_2]...
Demand for new homes down 86% since last year
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Diana Olick, joins ‘The Exchange’ to discuss housing prices rising as...
Mortgage demand drops to a 25-year low, as interest rates climb
Mortgage demand, which has suffered four straight months of declines, fell last week to the lowest level since 1997, as interest rates continued to rise....
Home asking prices tumble at record pace as mortgage rates surge
Home sellers are slashing their asking prices at a record clip as surging mortgage rates drive a downturn in the US housing market, according to...
Bond markets facing historic losses grow anxious of Fed that ‘isn’t blinking yet’
The Federal Reserve has been showing no signs of letting up on aggressive rate hikes, even as its policies fuel carnage for the ages across...
Mortgage refinancing drops to a 22-year low
Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty...