Housing Demand Continues To Surprise
One analyst is noting that even as mortgage costs hit record highs, there is still a healthy demand for housing, as evidenced by the unexpected rise in new single-family home…
Chinese Real Estate Stocks Rise On Bailout Plan
On Monday, Chinese property stocks and bonds were up sharply on news of a new support package for the debt-stricken sector, announced by banking regulators. Analysts hailed the package, which…
UK Home Prices Fall Fastest Since Feb 2021
In October, home prices in Britain fell at the fastest monthly rate since February of 2021, as the real estate market continues to weaken in yet another example of fallout…
AirBnb Stock Falls After Weak Q4 Guidance
On Tuesday, Airbnb (ABNB) issued an earnings report which beat Wall Street’s predictions on revenues and earnings, however the fourth quarter guidance issued by the company fell short of analyst’s…
Zillow Lays Off 300 As Stock Is Down 52% For The Year
As the housing market continues to slow down amid the Federal Reserve’s aggressive series of interest rate hikes, Zillow Group Inc. has been forced to lay off 300 employees. The…
Mortgage Interest Rates Hit Highest Level Since 2001
As financial conditions tighten and weigh down the housing sector, the average interest rate on the most common home loan has hit the highest level seen since 2001, according to…
UK Banks Are Withdrawing Mortgage Products As Rates Increases Accelerate
UK banks have begun withdrawing mortgage products due to rapidly rising interest rates, and that has triggered a steady decline in home sales. According to data compiled by Moneyfacts Group,…
As The Housing Market Cools, Buyers Are Still Hurting
According to new data from Realtor.com, home prices are being lowered, homes are taking longer to sell than a year ago, and now home buyers have five houses from which…
Homebuilder Confidence Lowest Since 2014 As Housing Enters Recession
A prominent economist is warning that the US housing market is experiencing a “deep recession” and that the Federal Reserve may have to ease up on its interest rate hikes.…
China’s Property Sector Continues To Stumble
In the January-August period, China’s property investment extended a 6.4% decline from January to July, falling a total of 7.4% over the full 8-month period, according to new data from…
