housing

The house price correction is intensifying - what to expect from the US housing market in 2023

The house price correction is intensifying – what to expect from the US housing market in 2023

This is of course what we see now. Despite favorable demographics and tight inventory levels, affordability pressure — skyrocketing mortgage rates coupled with bubbly home prices — is starting to drive home prices down. In fact, this week we learned that U.S. home prices, as measured by the Case-Shiller U.S. National Home Price Index, posted …

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Lower house prices could provide relief to the housing market - DSNews

Lower house prices could provide relief to the housing market – DSNews

ATTOM released its Third Quarter 2022 U.S. Housing Affordability Report, which shows median-priced single-family homes and condos remain less affordable in the third quarter of 2022 compared to historical averages in 99% of counties of the country with enough data to analyze. The numbers continue to be well above the nearly 70% of counties that …

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A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says

A recession in the US market has already arrived as mortgage rates soar, according to ING chief economist James Knightley. Demand for mortgages has fallen 30% since the start of the year and sales transactions are starting to slow. “A slowdown in the housing market will weaken US growth, but it’s also important to remember …

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says Read More »

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says

A home foreclosure sign.Reuters A recession in the US market has already arrived as mortgage rates soar, according to ING chief economist James Knightley. Demand for mortgages has fallen 30% since the start of the year and sales transactions are starting to slow. “A slowdown in the housing market will weaken US growth, but it’s …

A U.S. housing slump is here that could lead to a 20% drop in house prices and Fed interest rate cuts by 2023, chief economist says Read More »

Timber prices plunge as higher rates hit housing

Timber prices plunge as higher rates hit housing

Text size Homebuilders are seeing more cancellations following the sharp rise in mortgage interest rates. Justin Sullivan/Getty Images Timber prices have fallen more than 60% since the start of the year, but don’t count on a recovery soon. Rising interest rates and inflation will continue to dampen demand for single-family homes. “Homebuilders have faced a …

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Reverse mortgages are for people aged 62 and over who meet strict financial and housing requirements

Reverse mortgages are for people aged 62 and over who meet strict financial and housing requirements

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. A reverse mortgage allows seniors to leverage the equity in their home …

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A Ponzi scheme by another name: The bursting of the housing bubble in China

A Just over a year ago, a Chinese property developer largely unknown to the outside world said his cash flow was under ‘enormous pressure’ and he might not be able to repay some of his exorbitant debts $300 billion (£275 billion). Today, that company, China Evergrande Group, is only too well known as the poster …

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'Everything got foamy': CIO of private credit investment firm says despite possible housing correction, data suggests market stable

‘Everything got foamy’: CIO of private credit investment firm says despite possible housing correction, data suggests market stable

Sean Bill thinks the real estate market will remain strong due to tight supply. The American owner is also in a strong position due to his low debt and 30-year fixed mortgages. He says high interest rates will prevent homeowners from selling their homes to buy new ones. As the Fed continues to put pressure …

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These 20 S&P stocks slipped as much as 21.5% in another brutal week for the market

These 20 S&P stocks slipped as much as 21.5% in another brutal week for the market

Another tough week for US stocks ended with oil producer stocks falling and Ford Motor Co. falling on concerns about supply shortages. The S&P 500 SPX fell 1.7% on Friday for a 4.6% drop over the week as investors continued to worry about interest rate hikes from the Federal Reserve to temper inflation. Among the …

These 20 S&P stocks slipped as much as 21.5% in another brutal week for the market Read More »