Business
US existing home sales rebound in October
Existing home sales rebounded sharply in October as buyers rushed into the market to take advantage of a brief decline in mortgage rates.
2023
Report: Average Age Of U.S. Homebuyers Reaches Record High Of 56
A new report suggests that the average age of an American homebuyer in the U.S. has hit a record high of 56-years-old, according to the National Association of Realtors’ (NAR) yearly state-of-the-market report released on Monday.
30-year fixed mortgage
US new home sales slump to six-month low in May
Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand.
big-ticket items
US consumer confidence retreats slightly; house prices remain elevated
The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
2022
Home Sales Drop For Third Straight Month, Prices Hit Record High
For the third straight month, sales of previously occupied U.S. homes fell in May as increasing mortgage rates and record-high prices discourage many potential homebuyers during what’s typically the housing market’s busiest period of the year.
1925 to ‘29
Economist Predicts ‘Crash Of A Lifetime’ Will Be Worse Than 2008 Recession
Harry Dent, the outspoken financial author and economist, is not reversing course from his bold “crash of a lifetime” declaration from this past December.
30-year fixed mortgages
Mortgage Demand Drops To 3-Month Low As Interest Rates Increase For First Time In A Month
A key measure of home-buyer applications fell to a three-month low as mortgage rates started to rise again.
1990s
Report: U.S. Home Prices Increased 47% On Average Since 2020
A recent analysis by ResiClub of the Case-Shiller National Home Price Index has unveiled a staggering increase in U.S. home prices, soaring a hefty 47.1% since 2020.
Big Apple
N.Y. Legislators Approve $237B Budget Addressing Surge Of Migrants, Plans To Jump-Start Housing Market
A $237 billion state budget that includes measures to encourage home construction and combat unauthorized marijuana stores was approved by New York lawmakers over the weekend.
30-year fixed-rate mortgage
US new home sales fall more than expected in October
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.