Top investment firms, including Morgan Stanley, are predicting a significant drop in U.S. home prices amid high mortgage rates, elevated home prices, and affordability challenges. Morgan Stanley is calculating home prices to dip by 7 percent by the end of 2023, which is more than twice as large as the 3.1 percent peak-to-trough decline seen…
Wall Street Expects Second-Biggest Home Price Drop Since Great Depression
October 6, 2022
admin
Business & Marketseconomyhome priceshousinginflationinterest ratesMarketsmortgage ratesreal estaterecessionUSUS NewsUS Real Estate
0 Comment
Real Estate Industry Leaders Forecast Gloomy 2023
While peering through an imaginary crystal ball, real estate industry leaders are forecasting cloudy skies for the residential market of early 2023. At a recent webinar hosted by the Hudson Gateway Association of Realtors in the New York metropolitan area, a National Association of Realtors (NAR) economist, along with panel of expert brokers, weighed in…
Average Canadian Family Paid 43% of Income on Taxes in 2021: Study
The average Canadian family spent over 40 percent of its income on taxes in 2021—more than food, housing, and clothing combined—according to a new study by the Fraser Institute. Published on Sept. 21, the study [pdf] found that while the average Canadian family earned an income of $99,030 in 2021, a total of $42,547 was used…
Rental Prices Across Canada Continued to Soar in August, With Average Rent Nearing $2,000: Report
Rental prices across Canada continued to undergo massive upward pressure in August, with year-over-year rent inflation at more than 24 percent in numerous cities, new data shows. According to Rentals.ca’s September Rent Report, the average rent for all property types across Canada in August was $1,959 per month, an annual increase of 11.1 percent. Nationally,…
Will California’s Reparation Plan Achieve Its Goal? | Andrew Quinio
My guest is Andrew Quinio, attorney with Pacific Legal Foundation. He used to work with the U.S. Department of Veterans Affairs Office of General Counsel, where he litigated employment discrimination and whistleblower cases. What’s in California’s controversial reparation plan? How many meaningful results could it provide to help relieve California’s housing crisis? * Click the…
Would California’s Reparation Achieve Its Goal? | Andrew Quinio
My guest is Andrew Quinio, attorney with Pacific Legal Foundation. He used to work with the U.S. Department of Veterans Affairs Office of General Counsel, where he litigated employment discrimination and whistleblower cases. What’s in California’s controversial reparation plan? How many meaningful results could it provide to help relieve California’s housing crisis? * Click the…
Buying or Renting? The Old Question Is Back
September 2, 2022
admin
AnalysisBusiness & MarketsBusiness ColumnistshousinginflationmortgageOpinionreal estate marketrecessionrenting
0 Comment
Commentary Every young person moving into adulthood faces the great question of whether to buy or rent their primary residence. That question just became much more complicated. The ratio between the two just expanded to the greatest gap since 2008, and it does not favor buying. Mortgage rates have made buying completely unaffordable even for…
Home Prices Rising at ‘Robust Clip’ Despite Some Deceleration: Case-Shiller
New data from Standard & Poor’s reveal a subtle deceleration of steadily rising home prices, causing some to speculate that a cooling off in the housing market may be on the horizon, even as the market remains far hotter than pre-pandemic levels. S&P released its monthly Case-Shiller Home Price Index on Aug. 30, which raised…
Foreclosure Wave and the Slowdown on New Home Constructions
Loan servicers and banks are expecting a wave of foreclosures to inbound. The foreclosures over the past two years have built up due to the foreclosure and eviction moratorium. Data from the Mortgage Bankers Association conclude that when there is a spike in defaults, typically there also is an increase in foreclosures; but in 2020…
US Ban on Smoking in Public Housing Is Upheld
A U.S. appeals court on Friday upheld a ban on smoking in federally subsidized public housing. The D.C. Circuit Court of Appeals said the Department of Housing and Urban Development (HUD) properly enacted a 2016 rule requiring state and local public housing agencies to ban cigarettes, cigars, and pipes inside housing units and indoor common…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`