US Housing Affordability in June Was the Worst Since 1989

US Housing Affordability in June Was the Worst Since 1989

It was more expensive to buy a US home in June than it has been for any month in more than three decades, as record-high home prices collided with a surge in mortgage rates. The National Association of Realtors’ housing-affordability index, which factors in family incomes, mortgage rates and the sales price for existing single-family … Read more

Property prices to fall by up to 10 per cent, says REA boss The Business | ABC News – ABC News (Australia)

Property prices to fall by up to 10 per cent, says REA boss The Business | ABC NewsABC News (Australia)

China’s mortgage boycott: Could the property market crumble? | Counting the Cost – Al Jazeera English

China’s mortgage boycott: Could the property market crumble? | Counting the CostAl Jazeera English Beyond China: Here Are the Next Real Estate Markets to DropBarron’s ‘Financial monsters’: China’s bad banks complicate the property crisisFinancial Times China’s mortgage boycott: Could the property market crumble?Al Jazeera English Chinese mortgage boycott may hit Malaysia’s GDP, warns economistFree Malaysia … Read more

Rising interest rates push Aussie property prices down nationwide | 9 News Australia – 9 News Australia

Rising interest rates push Aussie property prices down nationwide | 9 News Australia9 News Australia RBA interest rates: Otivo reveals the Perth postcodes set to be hardest hit by mortgage stressPerthNow Australia’s ‘big 4’ banks adjust rates | 7NEWS7NEWS Australia Places where most Aussies face mortgage stress, as almost half of households spend more than … Read more

Home Sellers Cut Prices as Housing Market Cools

There are a lot of unhappy people in the housing market right now. Among the most miserable are sellers realizing they have listed their properties too late. For much of the country, real estate had been on a tear since the start of the pandemic. Home prices are up about 44% over the past two … Read more

I’m the chief economist of a mortgage firm that has funded more than $100 billion in loans. These are 3 things to know about the housing market now.

Cameron Findlay As home prices and mortgage rates march upwards, and housing inventory remains seriously constrained, many buyers are wondering: Should I buy? And if I want to buy, what do I need to know about the housing market now? That’s why MarketWatch Picks created a series where we ask prominent economists and real estate … Read more

I’m the chief economist of a mortgage firm that has funded more than $100 billion in loans. These are 3 things to know about the housing market now.

Cameron Findlay As home prices and mortgage rates march upwards, and housing inventory remains seriously constrained, many buyers are wondering: Should I buy? And if I want to buy, what do I need to know about the housing market now? That’s why MarketWatch Picks created a series where we ask prominent economists and real estate … Read more

Loews Posts Lower 2Q Profit Amid Market Slump

By Will Feuer Loews Corp. posted a drop in second-quarter profit despite a rebound in the hotel business as market volatility weighed on the CNA Financial business. The New York City-based company, which operates insurance, energy and hotel businesses, posted net income of $180 million, compared with $754 million in the same period a year … Read more

‘Continuing home price deceleration.’ Here’s what 5 economists and real estate pros predict will happen to the housing market this year

What will happen in the housing market this year? Getty Images When will home price growth really slow down? Will mortgage rates continue their upward climb? What do I need to know if I’m trying to buy a house now? These are all questions we’re hearing from readers, peers and others, so we asked top … Read more

China’s Stumbling Manufacturing, Property Sectors Show Long Road to Recovery

China’s major economic pillars wobbled in July with weakness in manufacturing and the all-important property sector, showing the pressure on a country that remains a drag on the struggling global economy. Chinese manufacturing activity unexpectedly contracted in July, as Beijing’s stringent Covid-19 restrictions and weak demand undercut hopes for a more robust economic revival.