Housing
Mortgage credit availability sinks to decade low
A man enters a Bank of America branch in New York. Scott Mlyn | CNBC As if higher mortgage rates weren’t enough, it was harder even to qualify for a mortgage in July than it has been in a decade, according to the Mortgage Bankers Association. Its monthly index measuring credit availability dropped in July […]
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Here’s how much cash you may have in your home, thanks to new record high prices
Home prices are on a tear again across much of the nation after falling for much of last year. That means giving back to homeowners the equity they lost. Home prices in June hit record highs in 60% of U.S. markets, according to a new report from Black Knight, set to be released Monday. Its […]
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Japan is Asia’s most high-priced spot to ship expats — right here are the other major spots
Japan’s income and added benefits offers for expats remained the best in Asia, a new report has observed. The ordinary expatriate package deal in Japan expenditures companies $370,183, in accordance to “MyExpatriate Marketplace Pay out” study by information company ECA Global. That’s nonetheless 12% lessen than very last yr, owing to the weak Japanese yen, […]
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Foreign buyers are bailing on the U.S. housing market. Here’s why
International buyers are pulling back from the U.S. housing market, as high mortgage rates, soaring home prices, a meager supply of homes for sale and a strong dollar all make the purchases much less financially attractive. From April of last year to this March, international buyers bought roughly 84,600 homes; that’s the lowest number […]
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Britain faces a property finance loan crisis with renters and householders in the crossfire. Here’s how to defend your funds
A person of the essential motives renters are receiving caught in the crossfire of the home finance loan prices is that it is growing rental need, said Oliver Knight, head of household advancement exploration at genuine estate business Knight Frank. Oscar Wong | Moment | Getty Images LONDON — Mortgage loan premiums are soaring in […]
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China’s July manufacturing unit activity swings back again to contraction, Caixin PMI reveals
General check out of electric powered screen of Shanghai inventory shares and Shenzheng shares are seen in front of significant increase modern industrial and monetary properties at Lujiazui in Shanghai, China on July 31, 2023. Ying Tang | Nurphoto | Getty Photographs China’s factory activity swung to contraction in July, a personal sector survey confirmed on Tuesday, with provide, demand and […]
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Home prices continue to climb with ‘striking’ regional differences, says S&P Case-Shiller
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Home prices in May rose for the fourth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite a sharp jump in mortgage interest rates during the month. […]
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June home sales drop to the slowest pace in 14 years as short supply chokes the market
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Sales of pre-owned homes dropped 3.3% in June compared with May, running at a seasonally adjusted annualized rate of 4.16 million units, according to the National Association of Realtors. Compared with June of last year, sales were […]
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Singapore and Lisbon prime rating of the towns with the greatest surge in key rents
Private flats are witnessed from the backdrop of the Marina Bay Sands resort and the Singapore Flyer observatory wheel in Singapore on March 23, 2022. Roslan Rahman | AFP | Getty Illustrations or photos Rents in primary household regions amplified the most in Singapore, Lisbon and Berlin in the 1st 50 percent of the 12 […]
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Homebuilder sentiment rises again in July, but builders warn higher mortgage rates are hurting
Builder sentiment in the market for single family homes rose one point in July to 56, according to the National Association of Home Builders/Wells Fargo Housing Market Index. It marks the seventh straight month of gains and the highest level since June 2022. A reading above 50 is considered positive sentiment. Builders say low supply […]
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