Real estate
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 […]
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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 […]
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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. […]
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This is the No. 1 region where inhabitants say they are ‘always’ at peace—and it isn’t the U.S.
The most prevalent New Year’s resolutions are continually getting rid of pounds or saving dollars, but objectives about fostering inside pleasure and discovering internal peace have attained popularity in latest a long time. In 2023, 17% of men and women resolved to “being happy,” according to a YouGov poll of 1,000 older people. Some 12% […]
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Hong Kong stocks off to best start because 2018 on China restoration hopes
Shoppers stroll via a street marketplace in Hong Kong, China, on Sunday, Jan. 30, 2022. Photographer: Chan Extended Hei/Bloomberg by using Getty Images Bloomberg | Bloomberg | Getty Illustrations or photos Hong Kong shares kicked off 2023 with the most gains they’ve viewed in the initially investing session of a yr given that 2018. The […]
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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 […]
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Manhattan apartment sales plunge in fourth quarter as brokers fear a frozen market
Craig Warga | Bloomberg | Getty Images Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales in the quarter, down from 3,560 last year, according to a report from […]
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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 […]
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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 […]
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U.S. pending home sales sag more than expected in November
A “Sale Pending” sign outside a house in Morgan Hill, California, on Tuesday, Oct. 4, 2022. David Paul Morris | Bloomberg | Getty Images Contracts to buy U.S. previously owned homes fell far more than expected in November, diving for a sixth straight month in the latest indication of the hefty toll the Federal Reserve’s […]
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