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Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023
Source: Yahoo! Life --- For the first time in over a decade, residential real estate across the world has entered into a period of falling home prices. The U.S. housing market is no exception. The streak of 124 consecutive months of positive home price growth, a...
Global Luxury Real Estate Buyers Adapting to Uncertainty, Yet Bullish on Real Estate, According to Global Study by Luxury Portfolio International®
Source: Yahoo! Finance --- NEW YORK, Jan. 5, 2023 /PRNewswire/ -- The global wealthy are living in a state of adaptability to uncertainty, but quite bullish about ultra-luxury residential real estate, according to just-released research by Luxury Portfolio...
Manhattan apartment sales plunge in fourth quarter as brokers fear a frozen market
Source: CNBC --- Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales in the quarter, down from 3,560 last year,...
Mortgage approvals fall to lowest level – BoE report
Source: MPA Mag --- Net borrowing of mortgage debt by individuals rose in November 2022, but mortgage approvals for house purchases fell to its lowest level since mid-2020, according to lending data released by the Bank of England (BoE) on Wednesday. The central...
When is an adjustable-rate mortgage a good idea?
Source: Fortune --- Throughout 2022, mortgage interest rates steadily ticked upward in a march that priced many prospective homebuyers out of the market. The interest rate on a 30-year fixed-rate mortgage began last year at around 3.26%, and by the time December...
Here’s what to expect in the housing market this year
Source: CNN Business --- Washington, DCCNN — Last year was a wild ride in the US housing market. Mortgage rates doubled and sales plummeted, triggering the longest month-to-month slump on record. A lot of would-be buyers and sellers watched from the sidelines....
