Mortgages

Home prices fell at a record pace in June, according to the housing data company

A sign in front of a house for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the US rose 2% in June for the first time since 2019. Justin Sullivan | Getty Images Rising mortgage rates and inflation in the broader economy sharply lowered housing demand in …

Home prices fell at a record pace in June, according to the housing data company Read More »

Housing market ‘pushed to the limit’ as mortgage rates rise and sales fall

The housing slowdown we’ve been anticipating for months has been here. The Big Picture: Home sales are slowing, and some of the hottest “zoomtowns” of the pandemic era — sleepy areas where remote workers have raised property prices — are already seeing prices plummet. why does it matter: The idea of ​​a downturn in the …

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Pending home sales fell 20% in June from a year earlier, as mortgage rates soar

A “Sale Pending” sign outside a home in Discovery Bay, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images The National Association of Realtors said Wednesday that contracts signed to purchase existing homes fell 20% in June compared to the same month last year. This is the slowest pace since …

Pending home sales fell 20% in June from a year earlier, as mortgage rates soar Read More »

US home prices fall “significantly” due to “exhausted” demand

A leading economist warned in a note to clients on Tuesday that US home prices are on the cusp of a major correction due to a “collapse” of demand among cash-strapped buyers. Ian Shepherdson, chief economist at Pantheon Macroeconomics, points out that single-family home listings are up 40% in the past four months even as …

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Homebuilders boost incentives because they suddenly struggle to sell their homes

Contractors work on the roof of a home under construction at the Steelpoint subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Mika Green | Bloomberg | Getty Images After two years of not being able to build homes fast enough to keep up with demand, home builders in the country are now suffering …

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