Aerial view of a residential area with houses in the Phoenix suburb of Chandler.Getty Images Housing market affordability is expected to improve in 2024, Morgan Stanley’s chief US economist said. Growth in inventory as homebuilding activity grows stronger will offset an increase in demand. Home sales will pick up in the second half of 2024 …
According to Wall Street analyst Jim Bianco, Treasury yields are expected to witness a significant surge in the coming weeks, possibly overshooting 5%. “I don’t believe we have reached the end of this bond market movement,” said Bianco Research president in an interview on CNBC’s “Fast Money” show. Provided the Federal Reserve hints at halting …
It’s becoming harder and harder to afford a home, according to real estate data provider ATTOM. Their recent report reveals that the average American can’t afford to buy a home in most communities across the country. Researchers examined median home prices in 575 US counties for 2022 and discovered that 99% of these prices …
Prospective homebuyers had “more choice” in Canada’s housing market in August as a rise in new listings met a slowdown in activity, according to the national real estate association. Home sales fell 4.1 per cent between July and August, the Canadian Real Estate Association (CREA) said Friday. Slowdowns in the Greater Vancouver Area, the Fraser …
With the rising cost of housing in recent years, many people have given up on the idea of owning a home. However, homebuilders have found a solution for those who are willing to embrace minimalism – smaller homes with a smaller price tag. According to the Wall Street Journal, the sizes of new homes …
According to a new survey released by Re/Max Canada on Tuesday, Canada’s housing market could experience a slowdown this fall as potential buyers and sellers wait to see what the Bank of Canada does with interest rates. The report suggests that home prices will remain stagnant from August until the end of the year due …
The U.S. real estate investment market is currently managed by real estate investment trusts (REITs) that oversee a staggering $4.5 trillion worth of global real estate assets. These tax-friendly funds are widely offered to retail investors on Wall Street. KKR, a prominent private equity firm, is a major player in the REIT industry. Their real …
House hunters may be in for a surprise when it’s time to secure a home loan. The interest rate on a typical mortgage has reached its highest level since 2000. According to the Mortgage Bankers Association (MBA), the average rate on a conventional 30-year fixed-rate mortgage has jumped to 7.31%, up from 7.16% the previous …
The federal government is facing increasing pressure to address the housing supply shortage in Canada. As opposition leader Pierre Poilievre criticizes the government for unaffordable housing, the minister in charge of the housing portfolio is exploring new approaches to tackle the issue. The rising levels of immigration and the impact of rising interest rates have …
Canada’s housing market is experiencing a slowdown in homebuying activity, which is allowing for an increase in inventory, according to the Canadian Real Estate Association (CREA). In July, national home sales decreased by 0.7% compared to the previous month. CREA stated that the housing market has been stabilizing after a bustling spring, as the Bank …