The number of houses sitting on the market grew at a blistering pace last month, with the number of active listings jumping 31% vs. the same period last year – a record-high increase for a third straight month, Bloomberg reports, citing a Tuesday report from Realtor.com.
Consumer confidence in the housing market dropped to the lowest level since 2011, as both prospective buyers and sellers have become more pessimistic, according to a monthly survey released Monday by Fannie Mae.
Nearly half of U.S. mortgage payers own at least 50 percent equity, according to ATTOM’s Q2 2022 Home Equity & Underwater Report. This means that the balance of loans taken out against the home is less than half the estimated market value of the property.
Newsfeed: Here’s Where Most Homeowners Are Considered Equity-Rich Read More »
U.S. mortgage rates are tumbling even after the Federal Reserve hiked its benchmark interest rate by 75 basis points last week.
The residential real estate market has stumbled, after soaring in the first 18 months of the covid pandemic.
Newsfeed: Real Estate Titan Zillow Sees Tough Times Ahead in Housing Read More »
Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers than it gains in a given year, tax revenues may decline and the state’s fiscal situation may worsen. That’s why despite making up less than 7% of total tax returns filed across the 50 states and the District of Columbia in 2020, the migration patterns of high-earning households continue to make headlines.
Newsfeed: Here’s Why Rich Americans Are Moving Here Read More »
The massive beat in the payrolls print has removed any hopes of a Fed Pivot and sent rate-hike expectations soaring…
Newsfeed: ‘Great News’ Jobs Reports Sparks Selloff In Bonds, Stocks, & Gold Read More »
The U.S. labor market remained red-hot in July despite expectations job growth would cool as tighter monetary conditions and company layoffs stoked fears of a recession.
More than two years after the virus pandemic upended the world of work, signs of distress in commercial real estate markets are emerging. The world is transitioning from an artificial landscape of ultra-accommodative monetary and fiscal stimuli that inflated returns to an environment where the federal government and the Federal Reserve tighten financial conditions.
Newsfeed: Office Space Market Faces “Economic Downturn” Due To Perfect Storm Of Factors Read More »
Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down.
Newsfeed: Home prices cooled at a record pace in June, according to housing data firm Read More »