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White House officials say we are ‘in a housing affordability crisis’: NAHB CEO
Source: Yahoo! News --- National Association of Home Builders CEO Jerry Howard joins Yahoo Finance Live to discuss the U.S. housing market, mortgage rates, and homebuilder sentiment. Video Transcript SEANA SMITH: Let's take a look at the housing market, because more...
House prices might plunge 20% in the hottest US markets – and the slump could hammer the wider economy, top investor says
Source: Markets Insider --- House prices could plummet 20% in some US cities as soaring mortgage rates scare off buyers, Peter Boockvar has said. Bleakley Advisory's chief investor endorsed the Dallas Federal Reserve's grim forecast in a CNBC interview on Wednesday....
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Historic Housing Shortage Shows Signs of Letting Up as Sales Decline
Source: Redfin --- The number of homes for sale shrank at its slowest pace in April since the start of the pandemic. Home sales fell and price growth slowed as soaring mortgage rates prompted more buyers to throw in the towel. The housing market turned a corner in...
The Housing Market Has Already Endured 10 Long Years of Inflation. These are the Hard-Learned Lessons We Should Apply Now to the Broader Economy.
Source: Redfin --- For the first time since the 1980s, Americans are dealing with 8%+ inflation in consumer prices. American homebuyers, however, have been dealing with inflation since 2012. The typical home costs double what it did in 2012, but the typical worker is...
Existing home sales fall for third straight month, slowest pace since June 2020
Source: Fox Business --- The National Association of Realtors reported Thursday that sales of previously occupied homes fell by 2.4% last month from March, and declined 5.9% from the year before. A decline in demand was expected as interest rates climb and sky-high...
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