A single-family landlord firm owned by the private investment company, Blackstone, will end it purchases of homes in 38 American cities, as the U.S. housing market begins to slow down dramatically. The residential property company, Home Partners of America, (HPA) was acquired by Blackstone in June 2021 for $6 billion at the height of the COVID-19 pandemic housing…
Blackstone-Owned Landlord to Cease Buying Homes in 38 Cities as US Housing Market Slows
August 29, 2022
admin
blackstoneBusiness & MarketsCompanieseconomyhousing marketInvestmentlandlordMarketsreal estateUSUS NewsUS Real Estate
0 Comment
Record Numbers of US Homeowners Slashed Sales Prices in July, Says Redfin
August 27, 2022
admin
Business & Marketseconomic policieseconomyHome salesinflationInvestmentMarketsmortgage ratepersonal financereal estaterecessionUSUS Real Estate
0 Comment
A record number of home sellers dropped their asking price in July, as the U.S. housing market began to tank rapidly, according to new data from Redfin. July saw the biggest annual decline in U.S. home sales in more than a year. Many buyers have fled the housing market amid high mortgage rates and rising…
US Home Prices in July Decline for First Time in Three Years
August 24, 2022
admin
Business & Marketseconomyhome priceshousing supplyinflationMarketsmortgage ratespersonal financereal estaterecessionUSUS NewsUS Real Estate
0 Comment
U.S. home prices fell 0.77 percent from June to July, for the first monthly decline in nearly three years, according to preliminary July home sales data from Black Knight, a mortgage analytics firm. The apparently mild drop in prices is the largest single-month decline in prices since January 2011. It also was the second-worst performance for…
New Home Sales Sink to Six-Year Low as ‘Housing Recession’ Deepens
August 24, 2022
admin
Business & MarketseconomyHome salesinflationMarketsmortgage ratepersonal financereal estaterecessionUS Real Estate
0 Comment
U.S. home sales fell more than expected in July, to their lowest level in six years, due to a rise in mortgage rates and a surge in housing prices, forcing prospective homebuyers out of the market, according to July data from the U.S. Census Bureau. New single-family home purchases dropped 12.6 percent, to a seasonally adjusted…
Home Sales Drop 6 Percent in July as ‘Housing Recession’ Hits, Says NAR
August 18, 2022
admin
Business & Marketseconomic policieseconomyhome priceshousing marketinflationInvestmentMarketsmortgage ratereal estaterecessionUSUS Real Estate
0 Comment
Existing U.S. home sales have dropped 5.9 percent in July, the sixth consecutive month of decline, according to the National Association of Realtors (NAR), which admitted a “housing recession.” At a seasonally adjusted annual rate of 4.81 million, home sales are down 25.9 percent since January and 20.2 percent from a year ago. “The ongoing…
‘Severe’ Housing Slump Possible With 15 Percent Price Drop: Fitch
August 17, 2022
admin
Business & Marketseconomyhousing marketinflationInvestmentMarketsmortgage ratesreal estaterecessionUSUS Real Estate
0 Comment
The likelihood of a severe downturn in the U.S. housing market has risen, according to an August 17 report from credit reporting agency Fitch Ratings. “However, our ratings-case scenario provides for a more moderate pullback that includes a mid-single-digit decline in housing activity in 2023, and further pressure in 2024,” said Fitch, after it recently affirmed a…
Mortgage Demand Slumps to a 22-Year Low as Economic Downturn Sidelines Homebuyers, Says MBA
August 17, 2022
admin
Business & Marketseconomic policieseconomyhome buyersinflationInvestmentMarketsmortgagepersonal financereal estaterecessionUSUS Real Estate
0 Comment
Total mortgage application volume fell 2.3 percent from the previous week, with demand standing at its lowest level in 22 years, after a similar low last month, according to the Mortgage Bankers Association’s seasonally adjusted index for the week ended Aug. 12. “Mortgage application activity was lower last week, with overall applications declining over 2 percent, to their…
US Home-Purchase Cancellations in July Soar as Buyers Pull Back
August 16, 2022
admin
Business & Marketseconomyhome buyinginflationmortgage ratespersonal financereal estaterecessionUS Real Estate
0 Comment
New data on home-purchase agreements in the United States for July showed an increasing numbers of buyers canceling housing deals, as higher interest rates tanked the market, according to Redfin. Many buyers are continuing to pull away from the housing market amid rising borrowing costs since rates went up in the first quarter of 2022….
Are Tiny Homes the Answer to Escalating US Home Prices?
Mary Kate Taliafarro, along with her husband and three children, have been living in a 350-square-foot “tiny house” in Ulster County, New York, since March 2021. Last year, they decided to ride the real estate wave and sell their large, two-story home in the Hudson Valley and live in the tiny home while having a…
Number of Homes for Sale Across US Soars as Increased Demand, Higher Prices See Buyers Hit Pause
The number of homes for sale across the United States increased at a record rate in July, signaling that higher mortgage rates and soaring prices are decreasing consumer demand for housing, according to a report published by Realtor.com on Aug. 9. The growing number of homes for sale could mean that would-be buyers may have more negotiating power…
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`