Source: CNBC — Confidence among builders in the nation’s single-family housing market fell in July to the lowest level since the start of the pandemic. The National Association of Home Builders/Wells Fargo Housing Market Index, a survey designed to gauge market...
Source: Realtor — Home prices in the U.S. are so sky-high these days, even wealthy foreign buyers aren’t immune to feeling the pinch. Last year, international buyers snapped up 98,600 residential properties totaling $59 billion, according to a new National...
Source: Redfin —Â Homebuyers are seeking out less expensive locales like Tampa and San Antonio, partly because the surging cost of housing and other goods is limiting their ability to buy homes in many U.S. cities. A record 32.6% of Redfin.com users nationwide...
Source: Marketwatch — The government’s inflation numbers confirmed that the price of literally everything has gone up. But an economist said that there’s one group who actually may have benefitted from rising costs. Inflation may be at a 41-year high of 9.1% in...
Source: Bloomberg — Mortgage rates in the US rose, resuming an upward climb that threatens to further cool the housing market. The average for a 30-year loan jumped to 5.51% from 5.3% last week, Freddie Mac said in a statement Thursday. It’s up from 3.11% at...
Source: Yahoo Finance — After a two-week break, U.S. mortgage rates began climbing again this week, a new report shows. The higher 30-year fixed-rate mortgage is becoming yet another headwind for the shaky economy amid the Federal Reserve’s war on inflation....
Federal Homelessness Fraud Cases Allege Millions Diverted to Real Estate, N…
