Real Estate Markets
Housing Strain: July Sets Record for Highest Mortgage Payments
In a concerning development for the housing market, the average homebuyer grappling with their mortgage payment in July encountered the highest payments on record. This...
Mortgage Rates Hit 7% Mark for Fourth Consecutive Week
In a slight pullback, mortgage rates dipped from 7.18% to 7.12% this week, as reported by Freddie Mac. However, this marks the fourth consecutive week...
82 Percent of Americans Hesitate on Home Purchases in August
In a stark indicator of prevailing sentiment, a staggering 82 percent of Americans surveyed in August believed it was an inopportune time for home purchases,...
Surge in Demand for New Homes Amid Rising Mortgage Rates
The American housing market is experiencing a seismic shift as a growing number of Americans are turning their backs on existing housing options due to...
Debt Threatens Country Garden After $7B Loss, Default Warning
Country Garden Holdings Co., one of China’s leading property developers, is grappling with an alarming financial crisis, sparking concerns of a potential debt default and...
Evergrande Hong Kong: 87% Stock Plummet Raises Alarms
China Evergrande Group, the prominent real estate conglomerate grappling with substantial debts, experienced a staggering 87% decline in its Hong Kong trading on Monday after...
Jeff Bezos’s Arrived Homes Thrive Amidst Surging Housing Prices
In a striking display of prescience, Amazon.com Inc. Founder Jeff Bezos’s investment in the Seattle-based startup Arrived Homes has gained remarkable traction, even as housing...
Mortgage Rates Surge Impacts Homeownership Dreams
In a sharp escalation, mortgage rates have soared to levels unseen in over two decades, inflicting a blow to the cherished American Dream of homeownership....
Mortgage Rates Deter Homebuyers in Market
In the face of soaring mortgage rates, a growing number of prospective homebuyers are opting to bide their time. Recent data reveals that mortgage applications...
July Sales of Homes Decrease by 16.6%, Hit 11 Year Low
The National Association of Realtors (NAR) reported a 2.2% drop in sales of previously owned homes in July compared to the previous month, signaling ongoing...
