Source: US News — For just about any homeowner, talk of falling housing prices can spark panic. With homeownership being the major financial and personal investment it is, there’s a natural anxiety that comes with any potential threat to that investment....
Source: Seeking Alpha — Summary The main determinants of housing demand in the short run are the level and direction of mortgage rates and the strength of the job market. Homebuilders have responded to the drop in new home sales by reducing housing starts, and...
Source: Forbes — Key takeaways Mortgage demand for purchases is down 41% year-over-year, and refinance demand is down 84% year-over-year. Housing prices are higher than a year ago, and experts believe they will continue to climb overall, with some areas seeing...
Source: The Business Times — THE chill in North America’s housing market has lumber traders saying the commodity’s recent rally may not have much more room to run. Benchmark futures in Chicago rose as much as 6.1 per cent to US$418.80 per 1,000 board feet on...
Source: Financial Times — Spare a thought for the American first-time homebuyer, for whom things have rarely looked so grim. US home prices rose 40 per cent during the pandemic. Mortgage rates haven’t been this high in 15 years. Wages are higher, but not nearly...
Source: Financial Times — Charlotte, who is in her late sixties and impatient to move to Florida, has cut the price of her two-bedroom Upper East Side apartment by a fifth, to $2mn. After three months without a suitable offer, Amy Schwab Owens gave up trying to...
HUD Updates 14 FHA Policies in Move to Improve Affordability
