Severe winter weather is having a significant impact on the housing market in the United States, according to a recent report by real estate company Redfin. While the median home-sale price has been steadily increasing in the first four weeks of January, along with asking prices, winter weather conditions have been hindering sales. This article
Real Estate
Despite a slight increase in mortgage rates, homebuyers have remained undeterred and are actively pursuing homeownership. According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage applications for home purchases rose by 8% last week compared to the previous week. However, it is important to note that this demand is still significantly lower, 18% to
The real estate industry is a dynamic and ever-changing landscape that is shaped by various factors such as job growth, housing supply, and affordability. The top 10 hottest housing markets in the United States for this year, as identified by real estate marketplace Zillow, are expected to be spread across the South, Northeast, and Midwest
The Chinese economy is facing a turbulent period as deflation, coupled with a lack of consumer confidence, takes a toll on its growth prospects. Shaun Rein, the founder of the China Market Research Group, warned that China is in for a “very painful economy” in the next three to six months. In his 27 years
Rent payments have traditionally not been included in credit reports. However, there is now a growing number of rent-reporting services aiming to change that. These services track users’ rent-paying habits and report them to the major credit bureaus – Equifax, Experian, and TransUnion. The goal is to help renters build credit and potentially boost their
The housing market has experienced significant shifts and challenges in recent times, with sales of previously owned homes declining and prices reaching record highs. In this article, we will explore the latest data from the National Association of Realtors (NAR) and analyze the implications for both buyers and sellers. Additionally, we will examine the impact
Mortgage interest rates experienced a significant decline, resulting in a surge of loan applications. According to the Mortgage Bankers Association, the overall volume of mortgage applications increased by 10.4% compared to the previous week. This article explores the implications of this rate drop on the housing market. The average contract interest rate for 30-year fixed-rate
Dubai’s property boom, which gained momentum in the years following the Covid-19 pandemic, has experienced a significant shift in the source of demand. While previously driven by Russian investors, the growth in demand is now coming from China, according to DAMAC Chairman Hussain Sajwani. This change can be attributed to various factors, including investor-friendly reforms,
The rental housing market in the United States has seen a decline in prices, offering young adults from Generation Z more affordable rental options. According to real estate firm Redfin, the median U.S. asking rent price in December 2021 was $1,964, marking a 0.8% decrease compared to the previous year. This decrease was the third
In today’s world, housing affordability has become increasingly difficult for individuals of all ages. However, one group that has been particularly affected is young adults who are just starting out. According to a recent report by Intuit Credit Karma, nearly one-third of Generation Z adults, defined as those born between 1996 and 2012, live at