Housing
Existing home sales fell for the 11th consecutive month in December, hitting the slowest pace since November 2010
Homes in Rocklin, California, US, on Tuesday, Dec. 6, 2022. A record number of homes are being delisted as sellers face a sharp drop in demand, according to real estate brokerage Redfin. David Paul Morris | Bloomberg | Getty Images Sales of previously owned homes dropped 1.5% in December from the previous month, according to […]
Read More
Homebuilder sentiment rises in January for the first time in a year, thanks to lower mortgage rates
Homes under construction in Tucson, Arizona, U.S., on Tuesday, Feb. 22, 2022. Sales of new U.S. homes retreated in January after a flurry of purchases at the end of 2021, indicating a jump in mortgage rates may be starting to restrain demand. Rebecca Noble | Bloomberg | Getty Images Builder sentiment in the single-family housing […]
Read More
The condo king of Miami bets his new Fisher Island luxury project can weather a recession
Just off the coast of Miami Beach, on ultra-exclusive Fisher Island, there is one crane on one construction site. It is the last plot of land available for development and an unlikely bet on luxury real estate at a time when the housing market appears to be in freefall. Jorge Perez, also known as “the […]
Read More
China’s reopening set to raise Hong Kong’s property market place as retail potential customers the restoration: Colliers
In light-weight of China’s reopening and easing of Covid rules, Hong Kong’s assets sector will be on a path to recovery in 2023, in accordance to property consultancy Colliers Hong Kong. The retail market in particular will enjoy the “ideal benefit,” Hannah Jeong, Colliers’ head of valuation and advisory companies, told CNBC’s “Squawk Box Asia” […]
Read More
Mortgage refinance demand surges, as homeowners take advantage of lower interest rates
A sign advertising home loan rates for purchase or refinancing at a Bank of America in New York. Scott Mlyn | CNBC After rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly payments, but it did little to excite […]
Read More
Sweden is experiencing its ‘day of reckoning’ as home rates plummet
In 2022, Sweden’s central lender undertook an aggressive curiosity fee mountaineering cycle that ricocheted via the residence market place. JONATHAN NACKSTRAND / Contributor / Getty Visuals Sweden’s home rates are going through a severe drop as the country’s previous central lender governor warns of lofty home credit card debt amounts. Dwelling rates in Sweden have […]
Read More
Consumer confidence in housing finally rises, thanks to falling home prices
Prospective buyers view a real estate showing. Carline Jean | Sun Sentinel | Tribune News Service | Getty Images Mortgage rates are still twice what they were a year ago, but home prices have been falling since June, and that’s finally making consumers feel better about what had been an overheated, highly competitive housing market. […]
Read More
Mortgage demand plunges 13% to end 2022, as interest rates head higher again
A ‘For Sale’ sign stands in a vacant lot near new homes in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images After a brief reprieve in the first half of December, mortgage interest rates shot up again to end the year, weighing on mortgage demand. Mortgage application volume was down 13.2% at the end […]
Read More
Home price increases weakened sharply in November, posting the smallest annual gain in 2 years
A sign is posted in front of a home that is for sale on December 19, 2022 in Los Angeles, California. Mario Tama | Getty Images Home prices are falling into a deep winter chill, as higher mortgage rates push more buyers to the sidelines. Prices in November were still 8.6% higher than during the […]
Read More
China’s dwelling prices fell at an accelerating level in December, study exhibits
Men and women check out a residential sales business in Shandong Province, China, on Dec. 15, 2022. Household prices in 100 cities fell for the sixth thirty day period in a row in December, in accordance to a personal Chinese survey. Potential Publishing | Potential Publishing | Getty Photos China’s dwelling rates fell at a […]
Read More