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…
Buying or Renting? The Old Question Is Back
September 2, 2022
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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…
Unfinished Buildings in China Put Trillions of Chinese Bank Loans at Risk
August 16, 2022
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ChinaChina Business & Economychinese bank loansChinese property developersdebt crisisevergrandeFinance & Business TiesFortune Global 500mortgage strikereal estate marketSpecial Topicsunfinished buildings
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Amid the real estate debt crisis, China Evergrande Group and two other Chinese property giants have fallen from the 2022 Fortune Global 500, reducing the number of Chinese property developers to five from eight last year. Fewer Chinese developers in the Global 500 reflect the collapsing Chinese real estate market as domestic demand and home…
New Zealand Property Market in ‘Correction’ Phase and Faces Significant Challenges
July 28, 2022
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The New Zealand (NZ) property market faces significant challenges as house values have fallen for three consecutive months, and sales activity shows clear signs of slowing. CoreLogic NZ’s latest property market update revealed that the total value of residential real estate fell $40 billion (US$25 billion) across the June quarter to $1.69 trillion. The value…
How to Stop Worrying That Your Housing Bubble Is About to Burst
You bought the biggest house they said you could qualify for, taking advantage of low rates and creative financing. Who knew you could afford such a great home? But now, several years later, your low-interest rate has disappeared and the adjustable-rate mortgage that seemed like a good idea keeps pushing your payments higher. Or perhaps…
The Real Estate Market Crash Is Coming Sooner Than You Think
June 2, 2022
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Is the market going to crash? Everyone jostled by the news the housing market could crash has every reason to be worried. And why is that so? Because when the last time the housing market sored like this—it sparked a great recession that left many in financial ruins. The Real Estate Market Crash is Coming…
Beware the Popping of the Housing Bubble
Commentary Washington never learns. Never. Politicians are like collective Alzheimer’s disease patients. They have no short-term memories. Does anyone remember 2008? It was only 14 years ago. Then, America suffered through one of the most significant and most painful financial crises in our nation’s history—and the worst losses since the crash of 1929. Millions of…
Manhattan Residential Real Estate Sales Hit $7.3 Billion in Q1 2022.
April 5, 2022
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High-end real estate sales in Manhattan reached $7.3 billion in the first quarter of 2022, a marked improvement after the industry was hit hard during the two-year pandemic, according to the latest sales reports. The positive data is one of the strongest starts to a year on record as the NYC market accelerates upward, with no…
Sydney Luxury Home Market Set to Lead the World in Growth, Topping Miami and LA
Sydney’s luxury home market is expected to lead the world in growth, with London-based global real estate consultant group Knight Frank predicting a 10 percent price jump in 2021. In its latest research, Sydney is also forecasted to top Miami (6 percent) and Los Angeles (5 percent) in prime residential property price growth this year….
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