Real estate
Lack of home listings is taking a toll on mortgage demand
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates fell last week, but demand for home loans didn’t move higher as a result. Other aspects of today’s housing market are outweighing the benefit of lower mortgage rates right now, […]
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China’s homebuyers are commencing to occur back again
Key Factors The share of respondents preparing to invest in a property in the subsequent a few months rose to 17.5% in the initially quarter, up from 16% in the fourth quarter, in accordance to a People’s Bank of China survey. The raise follows the close of China’s Covid controls. Central and nearby governments have […]
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Home prices suddenly jump after several months of declines
Unexpectedly strong home sales at the start of this year reversed a sharp, several-month decline in home prices. Mortgage rates are behind the swing. Home prices nationally rose 0.16% in February, when seasonally adjusted, according to Black Knight. That is the strongest one-month gain since May of last year. Home prices are now 2.6% below […]
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London’s priciest townhouse just listed for $74 million. Here’s what’s hidden beneath it
A row of townhouse residences at Chelsea Barracks. The residence pictured at the center just listed for about $74 million. Will Pryce One of the most expensive townhouses in London listed Monday for 60 million pounds (about $74 million). The amenity-packed residence spans six levels, including two that are underground. There, you’ll find a pool […]
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More home sellers are sitting out of the spring housing market
A for sale sign is posted in front of a home for sale on February 20, 2023 in San Francisco, California. Justin Sullivan | Getty Images It might seem like a great time to list your home for sale. Buyers are flooding back into the market, mortgage rates have fallen off their recent highs, and […]
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Pending home sales squeezed out a tiny gain in February, as mortgage rates jumped
A For Sale sign displayed in front of a home on February 22, 2023 in Miami, Florida. Joe Raedle | Getty Images Higher mortgage rates took some of the juice out of the housing recovery in February. After a sharp gain in January, pending home sales rose just 0.8% month to month, according to the […]
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Mortgage demand gets a boost from bank volatility, but it may be short-lived
An ‘open house’ flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images Stress in the banking system turned out to be a boon for the U.S. mortgage market. As investors hid in the relative safety of the bond market, yields moved even lower […]
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Rent growth drops back to pre-pandemic levels, but some markets are falling much harder
A house is available for rent on March 15, 2022 in Los Angeles, California. Mario Tama | Getty Images Apartment rents have increased slightly for the past few months, as the seasonally stronger spring activity kicks in. But in March they were only up 2.6% from March of 2022. That’s the smallest annual gain since […]
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Home prices cool in January, even falling in some cities, S&P Case-Shiller says
A “For Sale” sign outside of a home in Atlanta, Georgia, on Friday, Feb. 17, 2023. Dustin Chambers | Bloomberg | Getty Images Home prices cooled in January, up only 3.8% nationally than they were a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. That is down from 5.6% […]
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Inside a $218 million private island in Palm Beach — Florida’s most expensive home for sale
A private island in Palm Beach could become the most-expensive home ever sold in Florida, if it gets its asking price of $218 million. Developer Todd Michael Glaser and his partners bought 10 Tarpon Isle — the only private island in Palm Beach — for $85 million in 2021. They built a brand new house, […]
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