Tag: political
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Here’s the loophole that makes the U.S. housing market more wobbly than it appears
This housing market, it would appear, isn’t built on the same creaky foundations of the subprime crisis. Consider these statistics from Fannie Mae FNMA, +0.88%, the U.S. government-backed buyer of home mortgages. The weighted average FICO credit score in the first quarter for a single family home was a sterling 748. The origination loan to ... -
The Home-Goods Boom Is Over, Leaving the Bed and Bath Stocks High and Dry
Text size Bed Bath & Beyond reported plummeting sales, raising doubts over whether it can pull off a turnaround. David Paul Morris/Bloomberg Three bathroom merchants slipped on a bar of soap this past week. I’m not big on arbitrary stock market definitions, but I’m pretty sure that’s known as a bearish nude sprawl. Technically, it ... -
I’m a recent widow. I’m building a house on my son’s and daughter-in-law’s land. Do I have legal ownership? What if they decide to sell, divorce, or die before me?
Dear MarketWatch, My son and daughter-in-law just moved into their new home, which is on a one-acre lot. They want me to move nearby, as I lost my spouse recently. My dilemma is this: Construction has already begun on a small one-bedroom house for me, for which I am paying cash. What if they decide ... -
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 ... -
Investment bank fees fall by $24bn as deal boom loses steam
Dealmaking fees at top investment banks slumped by as much as 56% during the first half of 2022, as recessionary fears and rising interest rates have halted a boom that broke records last year. A sharp downturn in equity capital markets activity, as both the surge in special purpose acquisition companies last year tumbled and initial public offerings ... -
I’m close to retirement and I own 2 homes. If I sell my primary home, I’ll get $100K. My plan is to rent a place for $1,400. Is that a good idea?
Dear MarketWatch, I am a year and a half away from retiring. I own a home in Illinois and a modest vacation home in Wisconsin. I would like to sell my primary home, and save several hundred dollars per month. I would end up with $100,000 cash from the sale. I would like to rent ... -
‘It’s nuts’: Real estate agents describe chaos in New York City’s hot rental market and more than half of Americans are living paycheck to paycheck, making them more vulnerable to recession
Hi, MarketWatchers. Don’t miss these top stories. ‘There seems to be little relief in sight’: More than half of Americans are living paycheck to paycheck, making them more vulnerable to recession People living paycheck to paycheck were more likely to have experienced financially distressing events at some point over the last three years. Read More ... -
‘She has a poor work ethic’: I rent out rooms in a single-family home. I charge $1,300 per room, but my sister only pays $800. Should I ask her to pay more?
Dear Quentin, I own a rental property single-family home. I rent the rooms out individually for $1,200 per month plus utilities (about $1,300 all in). I have a very good track record of maintaining full occupancy. One of the tenants is my sister, who has lived in the house for 10 years. Due to our ... -
What It Takes to Buy Your First Home Now
Dylan Holland and Breanna Cameron started shopping for their first home in the Atlanta suburbs in December 2021, with a budget of about $350,000. They quickly discovered they would have to do a lot more than they had planned to get a home. The couple wanted to buy before Mr. Holland’s lease ended in July ...
