The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago.
Newsfeed: US Mortgage Lenders Are Starting to Go Broke Read More »
Buying a home in the US is the least affordable it’s been in 33 years as mortgage rates soar this year and home prices hit record highs.
The growing rental crisis in the U.S. has shown no signs of stopping. That was the topic of a new Bloomberg report this week that highlighted the stories of numerous Americans struggling to meet their rental obligations.
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With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until rates or prices or both decline, while sellers are hoping the market picks up again so they can get a higher price.
Newsfeed: The Fed’s Damage to the Housing Market May Last Years Read More »
Blackstone, one of the most dominant real estate investors in the world, is going to dominate more after completing the biggest real estate fund of its kind. It may soon have over $50 billion to invest.
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The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers.
Well, that should have been a wake-up call. The 30-year mortgage rate soared by 24 basis points recently to 6.18%. So the latter now stands at well more than double the 2.65% rate which prevailed just 18 months ago in January 2021, and at the highest level since the tail end of the Great Financial Crisis in 2009.
Newsfeed: David Stockman on Why the Great Reckoning Has Begun Read More »
Commercial real estate values have soared over the past two years, with most property sectors climbing past pre covid values by over …
Potential homeowners in the United States received a touch of relief this month as Realtor.com released new data stating home inventory increased by 18.7% in June.
The red hot pandemic-era housing market is cooling as historically tight available inventory shows signs of reversing. An affordability crisis has removed millions of new home buyers as the number of active US listings soared 18.7% in June from a year earlier, the most significant increase in Realtor.com’s data going back to 2017, according to Bloomberg.
Newsfeed: The One Housing Chart That Shows A ‘Buyer’s Market’ Has Returned Read More »