Housing is all out of whack. Real estate is cyclical, and typically when mortgage rates shoot up, sales decline, and home prices fall; and eventually because home prices tumble, sales return. But none of that has happened. Home prices rose substantially during the pandemic housing boom as historically low mortgage rates and remote work fueled
Mortgage rates topped 7% this past week for the first time in 2024, according to Freddie Mac . The increase comes at a pivotal time for the U.S. housing market, which saw existing-home sales hit a near-30-year low in 2023 as costs rose. Higher rates could reduce buyer demand, slow price growth, further crimp sales,
HGTV stars Jonathan and Drew Scott, also known as the Property Brothers, offered some advice recently on real estate investing in an era of high rates—especially what not to do. During a wide-ranging CNBC interview on Wednesday, they sounded off on property flipping, high borrowing costs, the worst mistakes that aspiring investors make, the housing
F&C Commercial Property Trust Ltd (LON:FCPT – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 121.20 ($1.51) and traded as high as GBX 121.80 ($1.52). F&C Commercial Property Trust shares last traded at GBX 121.20 ($1.51), with a
New York Mortgage Trust, Inc. (NASDAQ:NYMTM – Get Free Report) shares fell 0.1% during trading on Wednesday . The stock traded as low as $22.80 and last traded at $22.83. 39,808 shares were traded during mid-day trading, an increase of 177% from the average session volume of 14,356 shares. The stock had previously closed at
The real estate sector (XLRE) has been underperforming as uncertainty surrounding potential Federal Reserve interest rate cuts weighs heavily on the industry. To provide insight into the current state of the US housing market, Fundrise CEO and Co-Founder Ben Miller and CenterSquare Senior Investment Strategist Uma Moriarity join Market Domination. Moriarity notes that shelter inflation
Caption: Balsa, a 222-unit office-to-multifamily conversion developed by Willow Bridge in Washington D.C. DALLAS, April 17, 2024 (GLOBE NEWSWIRE) — Willow Bridge (formerly known as Lincoln Property Company) has been named the 4th Largest Apartment Manager according to the 2024 NMHC Top 50 list released earlier this month. Willow Bridge has ranked on the NMHC
China Overseas Property Holdings Limited (OTCMKTS:CNPPF – Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,655,000 shares, an increase of 17.8% from the March 15th total of 1,405,000 shares. Based on an average daily volume of
Having co-founded the world’s largest software company, Microsoft, Bill Gates is one of the richest people in the world, worth an estimated $152 billion, according to Forbes. While he and his ex-wife Melinda French Gates have donated a decent portion of their fortune through the Bill and Melinda Gates Foundation (which still remains intact despite
See the top 25 most expensive property transfers in Williamson County Tennessee for March 18-22, 2024. For more information about purchasing or selling a home, click here to contact Susan Gregory with Parks Realty. View previous property transfers here Price Subdivision Address City Zipcode $8,644,600 Troubadour Ph1 Sec3 Pb 74 Pg 54