We’re Still Paying for the Federal Reserve’s Blunders
Oct. 25, 2023 12:53 pm ET The Federal Reserve is relieved inflation is receding and hopes it will fall to 2%. Meantime, households and businesses...
Adjustable-rate mortgage demand hits highest level in nearly a year
A townhouse for sale in the Upper East Side neighborhood of New York City. Adam Jeffery | CNBC Mortgage demand has essentially stalled at the...
Mortgage demand falls to the lowest level since 1995 as interest rates near 8%
Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021. Andrew Kelly | Reuters...
Home Sales on Track for Slowest Year Since Housing Bust
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Housing industry urges Powell and Fed to stop raising interest rates
New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the...
Mortgage demand falls to lowest level since 1996
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Mortgage rates just continue to climb higher,...
Will China's Property Market Collapse Trigger a Financial Crisis?
China’s property market is on the brink, reminiscent of the U.S. 2008 crisis. Despite housing sales plummeting, Beijing’s intervention might not save the day. Banks,...
Americans Begin to Feel the Sting of Fed Rate Hikes
Rising interest rates due to Federal Reserve’s decisions are straining American finances. Consumers face higher costs for home and car loans, and existing debts are...
Watching the Real-Estate Bust
The pandemic severely affected mall retailers. The mall’s occupancy plummeted from 96% to below 50%. Owners Unibail-Rodamco-Westfield and Brookfield Properties ceased mortgage payments, and by...
Real-Estate Doom Loop Threatens America’s Banks
Listen to article (2 minutes) Bank OZK had two branches in rural Arkansas when chief executive officer George Gleason bought it in 1979. The Little...