Published by FOX Business | June 21, 2022 Sales of existing homes slowed for the fourth straight month, according to the National Association of Realtors Chief Economist at Redfin Daryl Fairweather argued that a recession could coincide with a decline in home prices as prices continue to climb even while data reveals that sales have slowed. …
EXPERT: Recession Could Lead to Decline in Home Prices Read More »
Published by Breitbart News | June 16, 2022 The pace of new home construction crashed 14.4 percent in May, according to the Commerce Department, as higher interest rates and high home prices drove away buyers and depressed home builder sentiment. Housing starts fell to an annual rate of 1.55 million and permits fell to 1.7 …
Housing Starts Collapse in May As Inflation and Soaring Interest Rates Hit Hard Read More »
Published by Bloomberg | June 13, 2022 Rental companies see potential discounts ahead from homebuilders as higher mortgage rates sideline regular buyers. ———————————————————————————————————— Single-family landlords are eyeing opportunities in the slowing U.S. housing market, betting that lower demand from consumers will lead builders to offer discounts. American Homes 4 Rent, the third-largest single-family landlord, is …
Landlords Ready War Chests to Buy in Cooling U.S. Housing Market Read More »
Published by FOX Business | June 10, 2022 Austin, Texas, saw rent prices surge nearly 50% while Nashville, Seattle saw prices climb 30% The median monthly asking rent nationwide exceeded $2,000 for the first time in May, according to recent Redfin data. Last month, median asking rent rose 15% from a year ago, reaching a record $2,002, the …
Rent Prices Surge Nationwide in May, Texas City Hit Hardest Read More »
Published by FOX Business | June 9, 2022 This comes ahead of a Federal Reserve meeting where a raise in its main borrowing rate is expected Average long-term U.S. mortgage rates made a swift jump this week, further squeezing cash-strapped American homeowners. On Thursday, a 30-year fixed-rate mortgage averaged 5.23%, according to Freddie Mac. That’s up from …
Published by The New York Post | June 8, 2022 An alleged squatter with a bogus lease is refusing to leave a Chicago woman’s house — and there’s nothing cops can do about it, the homeowner said. Danielle Cruz told ABC 7 she recently put the three-bedroom Chatham pad on the market but when a contractor arrived …
‘Squatter’ with fake lease won’t leave Chicago woman’s home — and cops are powerless Read More »
Published by FOX Business | June 4, 2022 Montana Gov. Greg Gianforte acknowledged there are housing and other challenges that come with growth in population States like Montana, Idaho and Utah have been growing at a faster rate than much of the rest of the country, which political and business leaders in Montana attributed to both …
Business, Government Leaders Explain Why People Are Moving to This U.S. State Read More »
Published by Breitbart News | June 1, 2022 President Biden’s inflation is set to delay 25 percent of Americans from retirement, a recent BMO Real Financial Progress Index survey revealed. “As a result of inflation, 36% of Americans have reduced their savings and 21% have reduced their retirement savings. A quarter of Americans will need to …
Survey: Inflation to Delay 25 Percent of Americans from Retirement Read More »
Published by FOX Business | May 31, 2022 The rise in mortgage rates is pricing out buyers Price drops are “becoming increasingly common” in some of the most popular housing markets across the United States. According to new Redfin data, more than 20% of home sellers dropped their price in seven of the 10 most …
Home Sellers in Hot Markets are Dropping Prices as Demand Wanes Read More »
Written by Tod Snodgrass | May 27, 2022 70% of all U.S. adults are living paycheck to paycheck during these inflationary times The pandemic-related housing boom—which has seen home prices in the US soar almost 20% over the past year—apparently is finally losing some of its steam. Rising average mortgage rates, which have climbed from 3.11% …
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