I know everything I am looking for is here, watch movies, watch series, education, games, exams, news, current events and many more.
“New home sales unexpectedly rise 7.5% in October” Sales of new US single-family homes unexpectedly jumped in October, shrugging off rising mortgage rates and house prices, which have drastically eroded affordability. New home sales rebounded 7.5% to a seasonally adjusted annual rate of 632,000 units last month, the Commerce Department said Wednesday. September’s sales pace was revised down to 588,000 units from…
“Home sales plunge to lowest level in 10 years as prices stay high despite high mortgage rates” Sales of previously occupied US homes fell in October for the ninth month in a row to the slowest pre-pandemic sales pace in more than 10 years, as homebuyers grappled with sharply higher mortgage rates, rising home prices…
“Why the ‘floor is coming’ for US housing market: economist” The US housing market is likely close to hitting a bottom following months of plummeting buyer demand and falling home prices, a prominent economist said in a note to clients this week. Homebuilder confidence fell for the 11th straight month in November and plunged to…
“Confidence in US housing market hits lowest on record: Fannie Mae” Consumer confidence in the US housing market has plunged to its lowest level on record as steep mortgage rates crush demand, according to findings released by Fannie Mae on Monday. Just 16% of consumers said they felt it was a good time to buy…
“Inflation drives homebuyers to target these more affordable cities” Decades-high inflation is driving many prospective homebuyers to consider a move to cities deemed to be more affordable, according to data released by real estate firm Redfin on Monday. Surging mortgage rates have crimped buying demand in the US housing market. But among homebuyers still looking…
“US home price plunge is ‘just beginning’ as housing market rapidly cools: economist” A substantial plunge in US home prices is likely “just beginning” as decades-high mortgage rates cause a downturn in the housing market, a prominent economist cautioned Friday. The warning from Pantheon Macroeconomics chief economist Ian Shepherdson followed more dismal data that showed…
“US housing market to remain ‘especially frigid’ as mortgage rates spike: Redfin” The housing market’s ongoing slowdown will continue through the end of the year as surging mortgage rates discourage prospective homebuyers, according to the latest analysis by real estate firm Redfin. Redfin noted a “nosedive” in home-touring activity, which is down 38% since January…
“Mortgage rates climb to 5.78% in biggest weekly gain since 1987” Mortgage rates continued their rapid climb this week, posting their largest one-week gain since 1987 in a likely precursor to a slowdown in the US housing market after its pandemic-era boom. The average contract interest rate on a 30-year fixed-rate mortgage was 5.78% as…
“Mortgage demand hits 22-year low as interest rates rise” Mortgage demand sank to its lowest level in 22 years this week as rising interest rates and a lack of inventory cool demand among potential homebuyers. The volume of mortgage loan applications sank by 6.5% for the week ending on June 3 compared to the…
“Biden’s student-loan forgiveness is unfair to most Americans” President Joe Biden is considering doing mass student-loan forgiveness, but “limited” to people who make less than $125,000 a year. That’s a clear sign he recognizes the horrible optics of debt-cancellation, which will largely benefit wealthier Americans. Yet the limit is a joke: Forgiveness would still help…