A “For Sale” sign is displayed in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Sales of previously owned homes declined by 0.7% in August compared to July, reaching a seasonally adjusted annual rate of 4.04 million units, as reported by the National Association of …
Girls and young women have set a goal to become homeowners by the time they reach 30, which is considered more important than getting married or earning a lot of money. According to Girlguiding’s Girls’ Attitudes Survey 2023, 52% of young women aged 7 to 21 want to buy a house by 30, making it …
Some of the nation’s largest housing markets are at risk of an economic downturn, according to a recent report from real estate data firm ATTOM. The report, which analyzed factors such as home prices, average local wages, foreclosure rates, and home affordability, identified counties near New York City, Chicago, and Philadelphia as the most vulnerable. …
New York, New York, once hailed as a vibrant city. But not anymore. From the East Side to the West Side, all around the town, the aroma of marijuana permeates the air. Homeless individuals lie on the sidewalk, while women wearing extremely short shorts expose the remnants of their last meal. Trash litters the streets, …
A surge in mortgage rates has unexpectedly sparked a surge in demand for refinances in the housing market. Last week, the Mortgage Bankers Association reported a 13% increase in applications to refinance home loans, compared to the previous week. However, application volume remained 29% lower than the same period last year. Normally, refinancing demand moves …
U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to persistently high mortgage rates. Builder confidence in the single-family housing market dropped by 5 points in September to 45 on the National Association of Home Builders/Wells Fargo Housing Market Index. This decrease follows a 6-point decline in August. …
In 1996, Tony Blair famously declared “education, education, education” as his top priority for the Labour Party. Today, Mary Lou McDonald, the leader of Sinn Féin, echoes Blair’s phrase with her own emphasis on “housing, housing, housing” if her party comes into power. After undergoing surgery and recovering, McDonald is back in action, sharing her …
EmirMemedovski | E+ | Getty Images This August, two years into their relationship, Yumi Temple and her boyfriend, Daniel, moved into their first apartment together, in Denver. It was Temple’s first time living with another person, outside of family, and she quickly learned there was a lot to navigate. The couple decided to see a …
The removal of GST for rentals in Canada by the federal government is a positive step towards increasing housing affordability. However, experts believe that its impact on rents will not be immediate. Prime Minister Justin Trudeau recently announced the removal of the five per cent tax, a promise that was initially made during the Liberal …
A “For Sale” sign hangs in front of a home in San Mateo County, California, Aug. 22, 2023. Liu Guanguan | China News Service | Getty Images Higher mortgage rates are continuing to impact mortgage demand, particularly for refinancing. The Mortgage Bankers Association’s seasonally adjusted index reveals that total mortgage application volume decreased by 0.8% …