Thinking about buying a home? Now could be a good time to do it. The current average 30-year fixed rate mortgage as of Aug. 11, 2022 was 5.46%, according to BankRate’s analysis. Although that rate is lower than July’s average rate of 5.73%, it remains much higher than Aug. 12, 2021’s average rate of 2.87% … Read more
The Federal Reserve has a simple inflation-fighting playbook. It goes like this: Keep applying upward pressure on interest rates until business and consumer spending across the economy weakens and inflation recedes. Historically speaking, the Fed’s inflation-fighting playbook always delivers a particularly hard hit to the US housing market. When it comes to housing transactions, monthly … Read more
Homebuyers had enough. Spiked mortgage rates on top of record home price appreciation—up 42% since the onset of the pandemic—pushed monthly mortgage payments to a level that is simply unattainable for tens of millions of would-be buyers. As more buyers take a rain check, the housing market correction only gets more intense. This week, we … Read more
Banks in Singapore raised housing loan rates in June, following the US Federal Reserve’s decision to increase interest rates by 75 basis points in the same month to cool inflation — its most aggressive hike since 1994. Nurphoto | Nurphoto | Getty Images Homeowners in Singapore are starting to tighten their belts as they will … Read more
Here’s where the housing market goes next as a Fed-induced recession looms Fortune You need to enable JavaScript to view this site.
Falling home prices? This interactive map shows the statistical odds of it occurring in your local housing market Fortune You need to enable JavaScript to view this site.
Housing market enters into recession — here’s what to expect next | Fortune You need JavaScript enabled to view it.
Bubbly housing markets — including Phoenix and Austin — likely already got their home price ‘top’ blown off | Fortune You need JavaScript enabled to view it.
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images After dropping to record lows in 2020 and 2021, mortgage rates are back up. Way up. While the past … Read more
A housing bubble requires 3 elements. The 2022 housing market has hit 2 | Fortune You need JavaScript enabled to view it.