Pending home sales are unexpectedly falling for the second month in a row. NTD asks some realtors if the housing boom is cooling off. Some McDonald’s locations might close indoor dining again. The companies told franchisees to consider doing this where the new variant is fast spreading. The Theranos fraud trial starts Tuesday. Newly revealed documents…
NTD Business Full Broadcast (Aug. 24)
Builders continue to struggle to meet demand with tight supply of materials and labor, but new home sales did go up a bit in July. We talk to a top mortgage lender to see where the housing market is the hottest. Some Chick-fil-As are closing, restaurants in a bidding war for staff. The labor shortage…
End the Real Estate Racket
Commentary The housing market is hot, hot, hot right now, and home prices continue to soar in many markets to their highest prices ever. Since it doesn’t cost a real estate agent ten times as much to sell a million dollar home than a $100,000 home, one would expect that the percentage fees for real…
US Home Sales Stall as Buyer Stampede Leaves Scant Inventory
By Prashant Gopal From Bloomberg News In the most competitive housing market in U.S. history, sales are beginning to stall. Home transactions fell 1.2 percent in June from May, the largest drop for the month in records going back to 2012, according to seasonally adjusted data from Redfin Corp. The inventory reached an all-time low,…
Australian Housing Market Continues Upward Surge but Is Showing Signs of Slowing
Property researcher CoreLogic has found Australia’s residential home market has grown at the highest annual rate in 17 years, leaving dwelling values 13.5 percent higher than the end of the previous financial year. “This is the highest annual rate of growth seen across the Australian residential property market since April 2004, when the early 2000’s…
Pending Home Sales See Sharp Rebound in May, Beating Forecasts
Contracts to buy previously owned homes in the United States saw a sharp rise in May, with the National Association of Realtors’ (NAR) index of pending home sales hitting its highest level for the month of May since 2005 and blowing by economists’ expectations. The index rose by 8 percent in May to 114.7, up…
Renters Struggle to Find Shelter During Hot Housing Market
May 31, 2021
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California’s housing and rental markets have been soaring throughout the COVID-19 pandemic, creating competition for renters trying to secure an affordable home. The struggle to find shelter continues for some Orange County residents, who say tough competition and economic hardships are making it nearly impossible to nab a rental. “We’re going to be homeless,” Orange County…
Home Inventory Remains Low in Strange Start to Home-Buying Season
May 25, 2021
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Commentary U.S. home prices continued to climb in March and have risen nearly 15 percent since the beginning of 2020. That is the takeaway of a U.S. housing market analysis by Standard & Poors, in conjunction with CoreLogic. The study was completed using a method advocated by Nobel-laureate Robert Schiller, which uses actual home price…
Bank of Canada Warns of Rising Risks From Household Debt, and a Hot Housing Market
OTTAWA—The Bank of Canada says its concerns are mounting that households are piling on too much debt and posing what the central bank says is a key vulnerability to the economy. In its latest financial system review, the Bank of Canada said Thursday that many households have taken on large mortgages compared with their income,…
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Most of Orange County Housing Remains a Hot Sellers’ Market
Commentary In Orange County, Calif., it’s a matter of weeks before a $1.25 million house is plucked from the market, creating lucrative opportunities for area sellers. According to the just-published Orange County Housing Report, 58 percent of Orange County home sellers are offering homes at $1.25 million or less. Demand is so high—and supply so…