Mortgage demand falls as interest rates surge to multiyear highs
A home stands for sale in a Brooklyn neighborhood on New York City. Spencer Platt | Getty Images A sharp jump in mortgage rates last...
Builder Confidence Decreased to 79 in March
by Calculated Risk on 3/16/2022 10:08:00 AM The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 79, down from...
Prepare for a recession this summer, a bear market in real estate and a drop in stock prices, warns strategist David Rosenberg
Inflation has turned out to be not-so-transitory, and the Federal Reserve has its knives out. Well, its hammer, anyway. Raising interest rates — the U.S....
U.S. Housing Wealth Skewed Even More Toward Affluent Over Past Decade
The past decade’s booming residential real-estate market has enriched almost every U.S. homeowner, but the gains have largely benefited the wealthiest, a new analysis shows....
That Vacation Home Listed on Airbnb Might Be Owned by Wall Street
Investment firms are buying up more vacation homes, aiming to cash in on growing demand from tourists and remote workers. Most vacation-rental homes are owned...
Soaring lumber price adds nearly $19,000 to the cost of a new home
The price of lumber has been on a roller coaster since the start of the pandemic, and it’s climbing a big hill yet again. After...
The average household is spending an extra $250 a month, or $3,000 per year, due to high inflation — but middle-aged Americans are paying even more
Inflation is running hot, but not everyone is feeling the burn. The latest edition of the consumer price index showed that inflation was running at...
Homebuyer demand for mortgages drops 10%
A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Mortgage rates have been rising since the start of the...
Soaring rent prices make it even more difficult to save for a house
This is an excerpt from the CNBC Make It newsletter. Subscribe here. If you’ve been paying attention to headlines (or your own lease renewal) then you’ve...
Borrowers rush to get the last of the low mortgage rates
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New...