Consumer confidence in the American housing market plunged to record low last month, according to a new survey. Growing mortgage rates, higher home prices, and economic instability have led to increased pessimism in the housing market nationwide. Only 16 percent of consumers surveyed said that they would consider buying a home in October, according to…
Consumer Confidence in US Housing Market Plunges to Record Low, Says Fannie Mae
November 7, 2022
admin
Business & Marketsconsumer confidenceeconomic policieseconomyFannie Maehousing marketinflationMarketsmortgage ratesreal estaterecessionUSUS NewsUS Real Estate
0 Comment
Americans Abandon Housing Hopes Amid Crushing Costs
The U.S. real estate market has begun to cool after two years of torrid growth, but soaring mortgage rates, punishing rents, and a shortage of available homes continue to thwart Americans on the hunt for affordable housing. The latest bad news for would-be homebuyers came on Wednesday, when the Federal Reserve approved another major hike…
Can’t Afford a Home in the US? Experts Share Their Top Tips Before Investing Overseas
It’s no secret among Americans that many would-be homebuyers have been priced out of the market due to rising mortgage interest rates and persistent inflated listing prices. Some are now considering more affordable options abroad, but experts are warning potential buyers to do their homework before shelling out their savings for the American Dream overseas….
Pending Home Sales Plunge as US Housing Market Gets Rocked by High Mortgage Rates
The number of pending home sales plunged in September due to soaring mortgage rates, according to data released on Friday by the National Association of Realtors. The group’s pending home sales index declined 10.2 percent last month, far exceeding what analysts had predicted for September. Pending transactions fell 31 percent year-over-year, it found. It noted…
US Mortgage Rates Hit Over 7 Percent, the Highest in Over Two Decades
October 28, 2022
admin
Business & Marketseconomic policieseconomyFreddie MacHome salesinflationInvestmentMarketsmortgage ratespersonal financereal estateUSUS Real Estate
0 Comment
Mortgage rates rose above 7 percent for the first time in more than 20 years, as the American housing market continues to decline. Prior to March of this year, home-borrowing rates were on the way down after a 40-year low, before the Federal Reserve started to increase interest rates to combat out of control inflation….
Mortgage Demand Falls to 25-Year Low as Interest Rates Top 7 Percent: Mortgage Bankers Association
October 26, 2022
admin
Business & Marketseconomyhousing marketinflationMarket Composite IndexMarketsmortgage bankers associationmortgage demandmortgage ratesreal estateUSUS Real Estate
0 Comment
Mortgage applications have fallen to their lowest level in 25 years as interest rates hit record highs, according to the Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, which measures mortgage application loan volume, fell 1.7 percent on a seasonally adjusted basis for the week ending Oct. 21 compared to a week earlier, according…
How to Shop for a Low Mortgage Rate
October 21, 2022
admin
Brightbudgetingcredit scoreCredit Scoresdown paymentFICO scoreFuture Planninginvestingmortgage ratespersonal financereal estate
0 Comment
By Daniel Bortz From Kiplinger’s Personal Finance Looking to purchase a home in this market? Take these steps to qualify for the best mortgage rates. Increase your down payment To qualify for the lowest rates on a conventional loan backed by Fannie Mae or Freddie Mac—the nation’s two largest mortgage buyers—you’ll need a 20 percent…
Existing Home Sales Fall to a 10-Year Low as US Housing Recession Deepens
October 21, 2022
admin
Business & Marketseconomic policieseconomyHome salesinflationmortgage ratesreal estateUSUS Real Estate
0 Comment
Existing home sales have fallen to their slowest pace in 10 years, as the U.S. housing recession worsens. Home sales have not been this slow since September 2012, with the exception of the first few months of the pandemic, and are 23.8 percent lower from the same time last year. Sales of previously owned homes in…
Homebuilder Confidence Falls for Record Tenth Straight Month
October 19, 2022
admin
Business & MarketsCompanieseconomic policieseconomyhome builder sentimentinflationInvestmentMarketsmortgage ratesreal estateUSUS Real Estate
0 Comment
Home construction companies continue to be stuck in a deep rut, as confidence in the market falls once again this month. Rising mortgage rates and building material shortages have made new housing less affordable for most of the year, pushing away first-time buyers. The National Association of Home Builders (NAHB) reported on Oct. 19 that its monthly…
Homebuilder Confidence Falls for Record 10th Straight Month
October 19, 2022
admin
Business & MarketsCompanieseconomic policieseconomyhome builder sentimentinflationInvestmentMarketsmortgage ratesreal estateUSUS Real Estate
0 Comment
Home construction companies continue to be stuck in a deep rut, as confidence in the market falls once again this month. Rising mortgage rates and building material shortages have made new housing less affordable for most of the year, pushing away first-time buyers. The National Association of Home Builders (NAHB) reported on Oct. 19 that its monthly…
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`