Higher mortgage rates are pushing many homebuyers into the rental market, despite rising rents, transforming the real estate field across the United States. The U.S. median rental price still lags behind average starter homeownership costs, more so than at the start of 2022. Despite higher rents, it is now more affordable to rent than to…
Housing Market Chills as Mortgage Rates, Prices Scare Buyers
It’s the summer that cooled off the housing market. Rising mortgage rates have combined with already high home prices to discourage would-be buyers. Mortgage applications have declined sharply. Sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate. The rate on a…
5 Tips for Real Estate Investors Who Want to Protect Themselves From a Market Crash
Article by Xavier PRETERIT Each country in this world has had its real estate crisis, depending on the market situation. For example, in the United States, there was a real estate crash in the 2000s, and the prices started to fall in 2005-2006. Some investors were seized by panic and had to sell their property at a big discount….
Here Are The US Cities With the Biggest Rent Hikes
U.S. rental prices stabilized this month and showed some signs of cooling down, while month-over-month average price levels remain mostly unchanged, according to Rent.com’s July Report. Nationwide, rent prices largely remained stable at a 16-consecutive-month record high with one- and two-bedroom apartments still up year-over-year 25.3 percent and 26.5 percent, respectively. Rent.com states an average…
BC Announces Consumer Protection Policy for Homebuyers in Competitive Market
British Columbia’s incoming three-day cooling-off period aimed at protecting potential homebuyers will not make a big difference in a market that is shifting from frenzied to balanced, the head of the B.C. Real Estate Association says. “It’s not enough,” Trevor Koot said Thursday after the finance minister announced a mandatory three-day period that would give…
You Need an Income of Over $220K to Buy a Home in Toronto, Vancouver, New Data Shows
You’ll need to be making more than $220,000 to buy a home in Toronto and Vancouver with a 20 percent down payment, according to new data from Ratehub.ca. While home prices have been going down in cities like Toronto, Vancouver, Winnipeg, Ottawa and Hamilton, the income required to purchase a home in these markets still…
Mortgage Demand Sinks to 22-Year Low as Recession Fears Mount
July 21, 2022
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Business & Marketseconomyhousing marketinflationMarketsmortgage applicationsreal estaterecessionU.S. InflationUSUS Real Estate
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Mortgage applications in the United States decreased 6.3 percent for the week ending July 15 compared to the previous week, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Mortgage demand fell for a third week in a row to the lowest point since 2000 as high inflation and interest rates hammered…
Canada, Mexico, China Lead Foreign Investment in US Real Estate
In the past year alone, international buyers purchased $59 billion worth of residential properties in the United States, indicating an 8.5 percent hike from last year and smashing a 3-year record of declines. A newly released report from the National Association of Realtors (NAR) tracked global buyers from April 2021 to March 2022. While the…
US Homebuilder Confidence Plunges Amid Inflation, Affordability Crisis
July 19, 2022
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Business & MarketseconomyHomebuilder Confidencehousing affordabilityHousing Market Indexinflationreal estateUSUS Real Estate
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Homebuilder confidence in the United States fell in July amid rising interest rates and high inflation that have slowed down sales, according to the National Association of Home Builders (NAHB). The NAHB/Wells Fargo Housing Market Index (HMI) dropped 12 points to 55 in July, the lowest HMI reading since May 2020, according to a July…
9 Ways to Invest in Real Estate for Retirement
Investing in real estate is one of the oldest forms of investing and many people consider it to be a safe investment compared to other more volatile investments like stocks. This is because traditional real estate investing, or buying rental properties, provides more stability than the stock market does. When you buy a house or apartment…
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