Housing Market

In October 2023, the U.S. housing market displayed mixed signals, with new single-family home sales experiencing a downturn, even as building permits showed signs of resilience. Sales of new single-family homes take a dip: Sales of new single-family houses reached a seasonally adjusted annual rate...

The real estate market is potentially facing a downward shift in house prices, offering a respite for buyers while posing challenges for sellers. What Happened: This week, Mark Zandi, the chief economist at Moody's, shared his insights in an interview with Yahoo Finance, outlining the...

In a recent move, a proposal under the Biden administration aimed at reducing closing costs for certain homeowners has been halted. The proposed plan could have resulted in savings of thousands of dollars for homeowners, but opposition from the industry and lawmakers has led to its discontinuation...

The latest data from the Mortgage Bankers Association (MBA) revealed a significant uptick in U.S. mortgage applications, marking a 3% increase from the previous week and the sharpest weekly rise in two months. The surge came during a decrease in the average contract interest rate for 30-year fixed-...

As 2024 approaches, the U.S. housing market stands at a critical point, significantly swayed by the trends in mortgage rates. Morgan Stanley’s recent analysis of the housing market anticipates a 3-5% reduction in home prices in the coming year, suggesting a shift towards more affordable...

A renowned Wall Street strategist, Michael Kantrowitz of Piper Sandler, has voiced concerns over the possibility of an imminent recession. This speculation is based on his analysis of various sectors within the U.S. economy. What Happened: Kantrowitz employs a four-part framework...

Have you ever had a friend you’ve lent a caring ear, to listen to their relationship issues? All the while listening, you’re saying to yourself, this relationship appears doomed.  Nonetheless, you just can’t bring yourself to providing that type of advice? That’s what I...

Anthony Pompliano, an investor and entrepreneur with more than 1.5 million followers on X, warned his followers that housing affordability in the U.S. has "become a national crisis." Pompliano shared a chart from Goldman Sachs that showed the bank’s home affordability...

As the U.S. housing market continues its meteoric rise, homeowners looking to downsize are reaping unexpected benefits. What Happened: The significant appreciation in property values has positioned many in a favorable spot, especially those considering a smaller living space. Chief economist at the...

Here's a story about a lovely house that no one will live in. The mid-century, ranch-style home featured on the 1970s sitcom "The Brady Bunch" was listed for $5.5 million and sold on Sept. 11 for $3.2 million to a fan who doesn't plan to live there. Tina Trahan, whose husband is former television...

Unfortunately, I must let you know Betty White, Queen Latifah, Steven Martin, and Eugene Levy are not the stars in this article, but the current housing market is. Not too long ago, we were in a euphoric period with record-low interest rates, and now that's all come to a screeching halt. There...

The glory days of real estate investors buying and flipping homes for quick profits seem to have hit a roadblock. It appears that investors are now losing on approximately one out of every seven homes they sell.  In certain U.S. cities, sky-high house prices and elevated mortgage rates have...

Legendary investor Warren Buffett was onto something when he paid $31, 500 for his house in Omaha, Nebraska, in 1958. Although the Oracle of Omaha’s hometown didn’t make the top 10 on Realtor.com’s list of the hottest ZIP codes in 2023, it is in a Midwestern market, where the...

Fueled by the tech boom and the allure of Silicon Valley, the Bay Area has earned a reputation as a hotspot for real estate. However, that doesn't mean every homeowner is making money. According to a new report from real estate brokerage Redfin, roughly one of every eight homes, or 12.3%, sold in...

It's a tough time to be house hunting. Despite the Federal Reserve's aggressive rate hikes, home prices remain elevated. Meanwhile, rising mortgage rates further burden potential buyers, making monthly payments even more daunting for many. In a recent interview with Fox News, "Shark Tank" star...