Although the U.S. housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% year over year in Q2 2024, the largest increase since Q2 2022, according to a report published Thursday by Redfin. In comparison,
Lower mortgage rates should ameliorate our housing situation, in theory. But where mortgage rates are at the moment, and where they’re expected to go in the next year or so, isn’t enough for that to happen, according to Capital Economics. Anxiety about a potential recession and sluggish economic data are leading to expectations about lowered
TUCSON, Ariz. (13 News) – The latest report for the U.S. Labor Department shows the highest unemployment rates in two years and residents are already starting to see the effects on the housing market. Mortgage rates are reaching the lowest figure in nearly two years, which begs the question of what it could mean for
We’re in some weird times. On Friday, it was a weaker-than-expected jobs report, and on Monday, there was a global stock market meltdown. The one bright spot is that weekly mortgage rates fell to their lowest level since February, so that’s good news for potential homebuyers or those who have been waiting to refinance or
Inventory is slightly down There are currently 651,000 single-family homes unsold on the market around the country. That’s actually just a fraction of a percent fewer than a week ago. Inventory is 38.5% more than a year ago. Still, there are 32% fewer homes on the market now unsold than in 2019. Inventory is growing in
The lock-in effect that has kept U.S. housing market activity subdued probably isn’t going away this year or next year or even the year after that. It could hang over prospective buyers and sellers of existing homes for six to eight years before finally going away, Bank of America warned in a note on Monday, locking
The cost of living crisis is weighing on employees. And as companies roll out more unique benefit offerings designed to support staffers, they should spend some time thinking about the financial benefits that workers actually want. Two out of three U.S. employees ranked financial wellbeing as the top area within wellbeing overall in which they
Following an early-year runup, home price growth eased to start the spring, as inventory also showed signs of improvement, according to the latest data from ICE Mortgage Technology. But despite the leveling off in prices, lack of affordability is still an obstacle in the current housing market, with both supply and demand running below usual
Recovery in China’s luxury home market is gaining pace even as the rest of the residential segment is struggling with lacklustre demand. However, the government’s recent measures could reverse the overall property market slump, analysts say. In Shanghai, high-net-worth families are snapping up expensive houses at record speed, while buyers in other big cities are
Even in a frozen housing market, some are living out the American dream by purchasing a home, getting a mortgage, and putting just 3.5% down. The only type of mortgage loan that has even ticked up in the past two years are Federal Housing Administration (FHA) loans, according to data released today by consumer credit