Focus
housing market
Falling Mortgage Rates Fail to Spark Buyer Interest as Applications Plunge
Despite lower mortgage rates, homebuyer interest and refinancing activity fell sharply last week.
Gove Says No-fault Evictions Will Be Banned Before General Election
The minister said courts will be resourced to enforce the ban. It comes after he warned young people who can’t access housing may turn to authoritarian leaders.
Have We Seen the Worst in the Housing Market?
Mortgages have become more affordable in recent months, but they are still more expensive than in all of 2022.
US Existing Home Sales Fall to Near 30-Year Low
The decline in sales happened as mortgage rates rose and made homes more expensive for buyers.
2023 Is ‘Least Affordable Year for Housing in Recent History’: Redfin
California dominates the list of least affordable metros, with Midwest cities ranking among the most affordable.
Existing Home Sales Dip 15 Percent Yearly to Lowest Level Since 2010
Home sales have fallen as mortgage rates have more than doubled over the past two years.
RICS: UK House Prices Fall Amid Subdued but Stabilising Market Activity
It is unlikely for sales results to change for the better through the remainder of 2023, but surveyors hope for a ’more stable outlook' in 2024.
So, You Want to Buy a Home In This Market? Think Again.
Understanding the forces driving the perfect storm in the real estate market.
US Home Sellers Reduce Sale Prices at Record Rates
The interest rate on a 30-year fixed-rate mortgage has more than doubled from 3.09 percent to 7.76 percent in just two years.
Mortgage Rates Hit 8 Percent, Crushing Loan Demand
Mortgage rates have touched 8 percent, putting a damper on loan demand and adding to many homebuyers’ affordability woes.
Mortgage Applications Drop to 30-Year Low Amid Elevated Interest Rate
Homebuyers now have to shell out close to a third of their income on mortgage payments.
