It’s one of those moments that lead many Americans to grit their teeth whenever it’s mentioned: the 2008 housing market crash. Few events in recent decades have instilled homeowners with more dread than the notorious housing bubble burst that year. A combination of cavalier lending policies and high market inventory stemming from the subprime mortgage…

Updates on the FTX cryptocurrency collapse. Attorneys say former CEO Sam Bankman-Fried ran the company like a “personal fiefdom.” A potential railroad strike is coming this holiday season. We have everything you need to know about the situation. Investor home-buying is falling at record rates—the biggest drop since the 2008 financial crisis if you exclude the…

Home prices across the United States fell by a large margin in the month of August, while inventory levels stalled, according to a recent report by mortgage analytics firm Black Knight. Median home prices declined by 0.98 percent in August, after falling by 1.05 percent in July, according to a press release on Oct. 3. July and…

Construction spending in the United States—an indicator of total spending on all types of construction—fell in August for the second month as the housing market declines further into a recession. Construction spending last month was estimated at “a seasonally adjusted annual rate of $1,781.3 billion, 0.7 percent below the revised July estimate of $1,793.5 billion,”…

U.S. home prices decelerated at a record pace in July, despite remaining elevated compared to a year back, according to S&P Dow Jones Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, registered a 15.8 percent gain in July 2022 compared with July 2021, a Sept….

Businesses in the home-goods industry are facing a tough time, with falling sales numbers and order cancellations amid a slowdown in the housing market. Sales at furniture and home furnishing stores fell 1.6 percent in August 2022 compared to the same time last year, according to a U.S. Census Bureau news release, on Sept. 15,…

Investment firm Goldman Sachs has warned investors that a downturn in the American housing market is likely in the coming months. “We expect home price growth to stall completely, averaging 0 percent in 2023,” Goldman strategists said in a note to clients, according to Fox Business. “While outright declines in national home prices are possible…

President Biden, canceling billions of dollars more in student loan debt– for former students of a school that closed down. The hottest zip codes for homebuyers in America; which one topped the list? Plus, some homebuying tips from realtor.com. Chinese tech giant Tencent is quietly buying shares of the world’s largest game developers. What influence will…

Commentary Foreign buyers poured $59 billion into the U.S. housing market from April 2021 through March 2022, snapping up nearly 100,000 homes across the country amid a severe housing shortage and record-high prices. Despite the huge dollar amount, non-U.S. citizens accounted for a modest 2.6 percent of the total volume of existing-home sales during that…