Category: Economy
High Mortgage Rates Impact New Construction: Builders Pull Back
April 17th, 2024
New home construction experienced a significant setback in March, marked by a notable decline in activity across various regions, especially in the Northeast. This downturn coincided with a surge in mortgage rates, with the benchmark 30-year fixed rate loan inching …Read more »
US Home Price Forecast by Goldman Sachs Shows 5% Surge in 2024
April 14th, 2024
Housing prices in the US defied expectations last year, showing resilience despite a surge in mortgage rates. Now, with the anticipation of interest rate cuts, Goldman Sachs Research predicts a more substantial increase in home prices than initially projected. The …Read more »
Detroit Housing Market Overtakes Miami in Annual Price Gain
April 14th, 2024
Home prices across the nation are on a remarkable upward trajectory, showcasing a robust growth of 5.2% year over year in November 2023, according to the latest report from analytics company CoreLogic. This trend follows a significant 4.7% year-over-year increase …Read more »
US Home Prices Recorded a Substantial Rise of 6.3 Percent, FHFA Reports
April 13th, 2024
The Federal Housing Finance Agency (FHFA) recently released its seasonally adjusted monthly House Price Index (HPI®), providing insights into the state of U.S. house prices. The October report reveals notable trends and changes in the housing market, shedding light on …Read more »
Housing Market Shows Signs of Thawing, JPMorgan Report Indicates
April 13th, 2024
The housing market, once frozen in the grip of economic uncertainty, is beginning to thaw according to a recent report by JPMorgan. Despite enduring challenges, optimistic indicators are suggesting a gradual rebound in housing activity. One significant factor contributing to …Read more »
Home Price Forecast Shows That Prices May Decline in 2024
April 13th, 2024
As we navigate through the complexities of the housing market, a common question in many homeowners' and potential buyers' minds is the trajectory of home prices. Looking ahead to 2024, the forecast for home prices is a topic of significant …Read more »
If You’re Going to Buy Investment Property, Do It Now
April 13th, 2024
The United States real estate market has always been a dynamic landscape, and recent trends suggest that now may be an opportune time to invest in property. As of 2024, the market is shaped by various economic factors, including interest …Read more »
How to Make Passive Income with Rental Property: Tips and Strategies
April 13th, 2024
If you're looking for a way to generate passive income, investing in rental property could be a great option. Rental properties have the potential to provide a steady stream of income without requiring much effort on your part. While rental …Read more »
Case-Shiller Index Points to Headwinds for the Housing Market
April 11th, 2024
One of the key indicators shedding light on the housing market is the US CoreLogic S&P Case-Shiller Index. The latest Case-Shiller Index highlights continued headwinds for the housing market such as affordability challenges for potential homebuyers. At the onset of …Read more »
