Housing
House hunting this weekend? There’s more out there now
A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images After more than two years of a historically lean housing market, listings are starting to rise − and swiftly. Active inventory nationally jumped 33.5% in October from the […]
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Homebuilders say they’re on the edge of a steeper downturn as buyers pull back
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year as new orders dry up. […]
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Pending home sales fell 10% in September, much worse than expected
A Coldwell Banker “Under Contract” sign stands outside a property in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to the National Association of Realtors. Economists had predicted a 4% drop. Sales were […]
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Singapore’s mortgage fees are climbing — but some customers are shrugging off better premiums
Blocks of condominiums in Singapore. The rising value of borrowing is unlikely to have a main effect on Singapore’s house market, analysts told CNBC. Ore Huiying | Bloomberg | Getty Photographs SINGAPORE — The mounting expense of borrowing is unlikely to have a big effect on Singapore’s property sector, analysts instructed CNBC. Which is mainly […]
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Homebuyers are making the biggest down payments in these 5 metros. Here’s how much you actually need for a house
nd3000 | iStock | Getty Images Despite signs of a cooling housing market, home prices are still relatively high, resulting in bigger down payments. Over the past year, average down payments in the country’s 50 biggest metros have grown by more than 35%, according to a LendingTree report, based on 30-year fixed-rate mortgage data from […]
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Mortgage demand from homebuyers is now nearly half what it was a year ago
A house’s real estate for sale sign is seen in front of a home in Arlington, Virginia, November 19, 2020. Saul Loeb | AFP | Getty Images Mortgage demand fell last week to nearly half what it was a year ago, according to the Mortgage Bankers Association, as rates hit their highest level in 21 […]
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Residence charges cooled at a history pace in August, S&P Scenario-Shiller says
Residence for Sale by Proprietor, Forest Hills, Queens, New York. Lindsey Nicholson | UCG | Universal Photographs Group | Getty Visuals Dwelling price ranges are continue to greater than they ended up a 12 months back, but gains are shrinking at the swiftest rate on file, in accordance to just one critical metric, as the […]
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Existing home sales fall to a 10-year low in September, as mortgage rates soar
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images Existing homes are selling at the slowest pace since September 2012, with the exception of a brief drop at the […]
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Homebuilder sentiment drops to half of what it was six months ago
Homebuilder sentiment in the single-family home market has fallen to half what it was just six months ago as mortgage rates climb, according to a new report. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which is designed to gauge market conditions, fell 8 points to 38 in October from the […]
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Demand for riskier home loans is high as interest rates soar
Mortgage demand dropped again last week as rates climbed higher, but one type of loan is attracting borrowers. Adjustable-rate mortgages, or ARMs, which offer lower rates, are seeing renewed demand after getting very little interest over the last decade. Total mortgage application volume dropped 2% last week compared with the previous week, according to the […]
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