Tag: indicators
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A Housing Market Correction Is More Likely Than A Catastrophe
Text size Fears of a housing crisis are likely overblown. Stefani Reynolds/AFP/Getty Images About the author: Ken Shinoda is a portfolio manager with Jeffrey Gundlach and Andrew Hsu of the DoubleLine Total Return Bond Fund. In the depths of the pandemic lockdowns, some feared housing price and mortgage implosions on a scale of the 2007-2009 ... -
This city is ‘the epicenter of the housing crisis,’ says a Biden administration official
U.S. Department of Housing and Urban Development Secretary Marcia Fudge dubbed sunny Miami the “epicenter of the housing crisis in this country” during a visit Tuesday. Fudge made that stark remark on Miami’s affordability issues while visiting Liberty Square, a public housing complex in the South Florida city, according to the Miami Herald. To anyone ... -
Renting vs. owning: The difference is ‘higher than at any time since the turn of the century’
The housing market may be slowing down, but owning a home is still a costly proposition. Two charts reveal exactly how expensive it is. Just over a year ago, the monthly cost of owning and renting were practically identical, according to a blog post from John Burns Real Estate Consulting. “Now, owning a home costs ... -
The ‘cost to build a home in the U.S. has risen at an unprecedented rate,’ BofA says
House prices have been ballistic over the last two years, in part due to a big shortage in housing materials. A new report lays out what elements actually go into building a home, highlighting how complicated — and expensive — the process can get. “In the last three years, the cost to build a home ... -
‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a real-estate crash
‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a real-estate crash The U.S. housing sector is losing steam amid rising rates, which is spooking some would-be home buyers, according to various reports. The housing sector’s been red-hot for months ... -
1 in 3 Americans earning $250,000 or more say they live paycheck to paycheck — are they really? and the winners and losers in Biden’s plan to cancel $10,000 in student-loan debt
Hi, MarketWatchers. Don’t miss these top stories. I had a date with a great guy. I didn’t drink, but his wine added $36 to our bill. We split the check evenly. Should I have spoken up? ‘He had a Chardonnay with his salad, and a Cabernet with his main course. I don’t drink during the ... -
New research casts doubt on rent control as a way to help the poor and a Chicago official applied for a Section 8 housing voucher in 1993, but only now ‘made it to the top of the waiting list’
Hi, MarketWatchers. Don’t miss these top stories. Reddit Co-Founder Alexis Ohanian Selling Brooklyn Condo for $2.3M Reddit co-founder Alexis Ohanian is ready to sell his Brooklyn apartment. It’s now available for $2,295,000. Read More New research casts doubt on rent control as a way to help the poor: ‘Tenants who gained the most from rent ... -
5 economists and real estate pros predict the housing market this summer
Want to buy a home? Here’s what pros say you may want to know this home buying season. Getty Images/iStockphoto Home prices have been climbing, as have mortgage rates (you can see the lowest mortgage rates you can qualify for here), and many buyers are wondering: What’s in store for us this summer? We asked economists ... -
After 2 stormy years of ‘moonshot’ house prices, don’t hold out hope for a major correction. Why COVID-era property values may be here to stay.
There is hope for first-time buyers looking to enter the U.S. housing market, but observers say they will have to be patient. After a two-year surge in home prices during the COVID-19 pandemic, the housing market is finally showing signs of cooling — in terms of demand and sales, if not those persistently high prices ... -
Dark Clouds Remain for China’s Property Market
China’s beleaguered property sector hasn’t shown any signs that a turnaround is around the corner—a move that could help the country’s battered economy. Though the sector has so far avoided a complete meltdown, which many predicted months ago, a double-whammy of defaults among developers and falling home prices continues to plague the industry. In the ...
