Homeowners have no incentive to sell. Here’s why
1 week, 3 days ago

Homeowners have no incentive to sell. Here’s why

CNN  

CNN — This year, America’s once-in-a-generation housing slump deepened — but 2025 may not see much improvement. Here’s what economists expect of the housing market in 2025: Homeowners are still locked in The US housing market is on track for its worst sales year in nearly three decades, according to NAR data. “It’s become more of a buyer’s market this year than the past two or three home-shopping seasons, when we were experiencing crazy home demand.” Location also matters, Olsen said, with homebuyers in Southern states likely to see steeper home price cuts than in other markets. Any commission change would most likely occur in the higher-end luxury home space, where Realtors get paid a percentage of a home’s sale and can command hundreds of thousands of dollars in commission, Zhao said. This is why tax credit programs to boost construction are in play” However, Trump’s threats to place hefty tariffs on some of America’s largest trading partners, including China, Canada, Mexico and the European Union, could backfire on the housing market, Zhao said.

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History of this topic

Bad news for homebuyers in the Northeast and Midwest
2 days, 7 hours ago

Bad news for homebuyers in the Northeast and Midwest

CNN  

CNN — Potential home shoppers in the Northeast and Midwest may be in for disappointment: Despite signs of cooling in the last year’s intensively competitive housing market, a new report from Zillow says some areas will stay especially competitive this year. Buying a home has grown more difficult for many Americans amid elevated mortgage rates and a lack of affordable …

Trump’s housing market conundrum
3 days, 7 hours ago

Trump’s housing market conundrum

CNN  

CNN — As President-elect Donald Trump prepares to take office this month, he faces a very different housing market than he did in his first term. Now Trump, a billionaire property developer himself, faces a housing conundrum: Mortgage rates aren’t falling, and home prices are expected to continue rising over the next few years. At the same time, many of …

Housing market update: what you need to know in 2025
6 days, 23 hours ago

Housing market update: what you need to know in 2025

Dutch News  

The start of a New Year brings new rules and regulations, as well as resolutions. And it’s mostly good news.” Single person bonus Single people, for example, will be able to borrow an extra €17,000, up from €16,000, to help them get a foot on the housing ladder. It may be tough to find something at that price in Amsterdam …

Real estate sector faces challenges amid declining home sales and high prices
1 week ago

Real estate sector faces challenges amid declining home sales and high prices

Hindustan Times  

India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. After increasing by an average of 21% last year, India's primary housing market may have a small single-digit price increase in …

Housing prices may see modest growth in 2025, says property experts
1 week, 1 day ago

Housing prices may see modest growth in 2025, says property experts

Live Mint  

New Delhi, Jan 1 India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. Anarock Chairman Anuj Puri expects the housing market to "stabilise" in 2025, with muted growth in prices …

Homelessness rises to a record level in America
1 week, 1 day ago

Homelessness rises to a record level in America

Live Mint  

Each year for a few frigid days in January volunteers fan out across cities, towns and rural areas to try to count every homeless person in America. The method is admittedly flawed: cities do their counting in different ways, and many homeless people are transient or hide away in subterranean tunnels and under highway overpasses. The results for January 2024, …

2024 saw one of the slowest housing markets in 30 years. What will 2025 bring?
1 week, 4 days ago

2024 saw one of the slowest housing markets in 30 years. What will 2025 bring?

NPR  

2024 saw one of the slowest housing markets in 30 years. DANIEL ESTRIN, HOST: We're about to close the books on one of the slowest housing markets in 30 years. Here to talk us through the year in housing and what next year might bring is NPR business correspondent Laurel Wamsley. The country's housing shortage has really emerged as one …

US sees record 18% increase in homelessness in 2024 as buying a house becomes more expensive
1 week, 5 days ago

US sees record 18% increase in homelessness in 2024 as buying a house becomes more expensive

Firstpost  

According to the new report released by the US Department of Housing and Urban Development, more than 770,000 people were counted as homeless this year, as per the tallies taken across the country Homelessness in the United States has become a rampant issue marking a major spike this year. According to the new report released by the US Department of …

US homelessness surges 18% in 2024 as affordable housing crisis deepens
Top News
1 week, 5 days ago

US homelessness surges 18% in 2024 as affordable housing crisis deepens

India Today  

The United States saw an 18.1% increase in homelessness this year, a dramatic rise driven mostly by a lack of affordable housing as well as devastating natural disasters and a surge of migrants in several parts of the country, federal officials said Friday. “No American should face homelessness, and the Biden-Harris Administration is committed to ensuring every family has access …

Will house prices go up in 2025? Six property experts give their verdict
1 week, 5 days ago

Will house prices go up in 2025? Six property experts give their verdict

Daily Mail  

They also reveal their property hotspots - and not-spots - for next year House prices are not just a popular conservation topic, but a British obsession. Paula Higgins, chief executive of HomeOwners Alliance Last year's prediction: +2% Prediction for 2025: +4% I am predicting house prices to continue a steady climb through 2025 increasing by 4 per cent across the …

By 2030, 60% of new home buyers will be Millennials and Gen Z in India: Report
1 week, 6 days ago

By 2030, 60% of new home buyers will be Millennials and Gen Z in India: Report

Hindustan Times  

Millennials and Gen Z buyers will comprise about 60% of new homebuyers by 2030, a report by real estate consultant JLL said. It further stated that India's housing market is poised for a remarkable transformation by 2025, driven by rapid urbanisation, technological innovations, and changing consumer preferences, stated Ritesh Mehta, Senior Director and Head, Residential Services and Developer Initiative, JLL …

Mint Quick Edit | As housing looks up, we need affordable homes too
2 weeks ago

Mint Quick Edit | As housing looks up, we need affordable homes too

Live Mint  

By 2030, India’s Millennial and Gen-Z generations are expected to comprise about three-fifths of all new home buyers, according to a study by real estate services firm JLL. This indicates a growing preference for owning houses over renting them, even as rising pay levels among these age cohorts explain their expanding share of homebuyers. Private housing projects in big cities …

Home buyers becoming more ‘price sensitive’, says property website
2 weeks, 3 days ago

Home buyers becoming more ‘price sensitive’, says property website

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

US home sales hit fastest pace since March with more properties up for sale
2 weeks, 6 days ago

US home sales hit fastest pace since March with more properties up for sale

Associated Press  

Sales of previously occupied U.S. homes rose in November to their fastest pace since March with home shoppers encouraged by a wider selection of properties on the market, even as mortgage rates mostly ticked higher. Despite increasing in November and October, home sales are still running below last year’s pace, when they sank to a nearly 30-year low. “Looks like …

The housing affordability crisis is going global
3 weeks, 2 days ago

The housing affordability crisis is going global

Live Mint  

DUBLIN—When Mikey Cullen’s parents were in their early 20s, they earned enough as public-sector workers to buy a house in the city. Ireland, after years of anemic construction, now has the European Union’s most expensive housing, according to a broad measure of rent, maintenance costs and utilities by Eurostat, the European Union statistics agency. “When cities had housing shortages, if …

Economists’ 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year
3 weeks, 5 days ago

Economists’ 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year

Associated Press  

LOS ANGELES — Home shoppers hoping for more attractive mortgage rates next year may be disappointed. Most of the eight forecasts call for the average rate on a 30-year mortgage to remain above 6% next year, with some including an upper range as high as 6.8%. “Even by the end of next year it’s hard to see sub 6% mortgage …

Pragmatic stimulus need of the hour
4 weeks ago

Pragmatic stimulus need of the hour

China Daily  

Shi Yu/China Daily Editor's note: This year is crucial for China to achieve the objectives and tasks in the 14th Five-Year Plan. The shift from "prudent" to "appropriately loose" monetary policy stance suggests the central bank is prepared to inject sufficient liquidity to absorb the expected surge in government bond supply, and moderately cut policy rates to prevent a rise …

What’s really behind the surprise surge in house prices?
1 month ago

What’s really behind the surprise surge in house prices?

The Independent  

Sorry to make a soggy start to the week even more miserable, but it brings bad news for homebuyers. Nationwide recently trumpeted itself as the “first major lender to offer first-time buyers ability to borrow six times income, up to 95 per cent loan-to-value”. “The acceleration in house price growth is surprising, since affordability remains stretched by historic standards, with …

Trump may renew a housing fight that could rattle mortgage rates
1 month, 1 week ago

Trump may renew a housing fight that could rattle mortgage rates

CNN  

CNN — During his second term, President-elect Donald Trump is widely expected to privatize Fannie Mae and Freddie Mac, the mortgage giants that guarantee 70% of America’s mortgages. The government’s stake in the two mortgage giants could be valued at billions of dollars, meaning a spinoff would potentially net a big payday for the government and private investors in the …

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows
1 month, 1 week ago

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows

ABC  

National home prices are losing momentum and anticipated interest rate cuts are unlikely to stop falls in house prices next year. New CoreLogic data shows house prices increased 0.1 per cent nationally in the last month of spring — the weakest Australia-wide result since January 2023. Brett D'Souza says he "made mistakes" when he tried to sell his home without …

Solutions: Harris promised 3 million new homes. States might actually make it happen
1 month, 1 week ago

Solutions: Harris promised 3 million new homes. States might actually make it happen

LA Times  

Vice President Kamala Harris made a bold campaign promise: If elected president, she would get 3 million new homes built. Finally, when interest rates shot up as the Fed fought inflation, homeowners with historically low mortgage rates avoided selling their homes, leaving few homes for sale and many prospective buyers empty-handed. Economists believed Harris’ proposals — such as a large …

Global news wrap: COP tussle, monetary policies, luxury market fall
1 month, 1 week ago

Global news wrap: COP tussle, monetary policies, luxury market fall

Live Mint  

Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. Meanwhile, with the one-sided casualty in the Israel-Hamas war, with 43,000 Palestinians dead and 1.9 million internally displaced, the International Criminal Court has issued arrest warrants for Israel’s prime minister Benjamin …

Mortgage rates: Bad news if you’re looking to buy a house in the next two years
1 month, 2 weeks ago

Mortgage rates: Bad news if you’re looking to buy a house in the next two years

CNN  

Washington CNN — Americans looking to purchase a home in the next few years will have a tough pill to swallow. Mortgage rates are now expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Wells Fargo economists project mortgage rates to average 6.3% by the end of next year, according …

US home sales rose in October, notching their first annual gain in more than 3 years
1 month, 2 weeks ago

US home sales rose in October, notching their first annual gain in more than 3 years

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market. Existing home sales rose 3.4% last month, from September, to a seasonally adjusted annual rate of 3.96 million, the National Association of Realtors said …

'Crisis is real': Analyst warns Trump of looming plight that could doom presidency
1 month, 2 weeks ago

'Crisis is real': Analyst warns Trump of looming plight that could doom presidency

Raw Story  

Donald Trump managed to win a second term in large part due to the frustration of the electorate over prices — but there's a big economic crisis looming over the president-elect's head that could end up defeating him, Heather Long wrote for The Washington Post. Trump has boasted that under his presidency, people will be able to get 2 percent …

Mortgage pain fuels highest rise in home ownership costs in 30 years
1 month, 2 weeks ago

Mortgage pain fuels highest rise in home ownership costs in 30 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Soaring monthly mortgage payments are …

Trump’s economic agenda for his second term is clouding the outlook for mortgage rates
1 month, 3 weeks ago

Trump’s economic agenda for his second term is clouding the outlook for mortgage rates

Associated Press  

LOS ANGELES — Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. “So, if overall rates are higher, that would tend to also mean that mortgage rates would move higher, too.” Trump says he wants to impose tariffs on foreign goods, lower tax rates and lighten regulations, policies that …

You need to make $108,000 to afford a home in America
1 month, 3 weeks ago

You need to make $108,000 to afford a home in America

CNN  

CNN — In most US cities, buying a home now requires a six-figure salary. A household needed to earn $107,700 to afford a new single-family home and pay property taxes and insurance costs in the third quarter of this year, according to a new report from Oxford Economics. San Jose, California, was the least affordable US metro region, with a …

How much house prices are predicted to go up by across the UK
Trending News
2 months ago

How much house prices are predicted to go up by across the UK

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here are Savills’ predictions for house price increases over the …

Mortgage rates are rising. Experts cite economic strength, inflation and possible Trump win
2 months, 1 week ago

Mortgage rates are rising. Experts cite economic strength, inflation and possible Trump win

LA Times  

Mortgage rates have been on the rise despite recent action from the Federal Reserve. In September, the Federal Reserve lowered its benchmark interest rate for the first time since 2020, giving hope to prospective home buyers that mortgage rates would follow suit. “They are saying ‘What’s going on?’” The fact that mortgage rates have gone up despite the cut underscores …

How Trump's billionaires are hijacking affordable housing
2 months, 2 weeks ago

How Trump's billionaires are hijacking affordable housing

Raw Story  

America’s morbidly rich billionaires are at it again, this time screwing the average family’s ability to have decent, affordable housing in their never-ending quest for more, more, more. “On the first Tuesday of each month,” notes the Journal article about a similar phenomenon in Atlanta, investors “toted duffels stuffed with millions of dollars in cashier’s checks made out in various …

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals
3 months, 1 week ago

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “These trends have helped to improve affordability for prospective …

Number of house sales was 5% higher in August than a year earlier
3 months, 1 week ago

Number of house sales was 5% higher in August than a year earlier

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Holly Tomlinson, a financial planner at wealth manager Quilter …

US home sales fell in August despite easing mortgage rates, more homes on the market
3 months, 2 weeks ago

US home sales fell in August despite easing mortgage rates, more homes on the market

Hindustan Times  

LOS ANGELES — Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market continued to rise. Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased …

Fears grow for the future of America's favorite home repair stores
4 months, 2 weeks ago

Fears grow for the future of America's favorite home repair stores

Daily Mail  

Concerns about the future of two of America's favorite home improvement stores are growing. CEO Marvin Ellison said that elevated mortgage rates have deterred Americans from moving home and carrying out DIY projects. Home Depot rival Lowe's also cut its annual profit and sales forecasts on Tuesday. Customers are putting off large home renovation projects until loan rates come down …

Wall Street 'Oracle' reveals the mortgage rate magic number which will get the housing market moving
4 months, 4 weeks ago

Wall Street 'Oracle' reveals the mortgage rate magic number which will get the housing market moving

Daily Mail  

Mortgage rates have fallen to their lowest level in 15 months - but one expert is warning a bigger drop is needed to kickstart the frozen housing market. Meredith Whitney said that mortgage rates need to hit 6 percent or below in order to kickstart the frozen market The average 30-year fixed-rate mortgage eased to 6.47 percent this week, according …

US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices
5 months, 2 weeks ago

US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices

Associated Press  

LOS ANGELES — The nation’s housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December, hampered by elevated mortgage rates and record-high prices. Existing home sales sank to a nearly 30-year low last year as the average rate on a 30-year mortgage surged to a 23-year high of 7.79%, according to mortgage …

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
6 months ago

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?

Associated Press  

LOS ANGELES — The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and fall. The weak spring sales are a reflection of the affordability challenges many home shoppers face: the average rate on a 30-year mortgage rate is moored near 7%; the supply …

Real estate expert predicts huge changes in the housing market: 'Things are really breaking down'
6 months, 1 week ago

Real estate expert predicts huge changes in the housing market: 'Things are really breaking down'

Daily Mail  

America's real estate market could be heading for a significant correction. Veteran strategist Chris Vermeulen, of The Technical Traders, believes he is witnessing troubling signals in the market, noting how borrowing costs are expected to remain high for an extended period. Despite a recent stabilization in building activity, driven by increased investment, Vermeulen believes the real estate market is still …

House prices likely to rise more slowly than household incomes, says Zoopla
6 months, 1 week ago

House prices likely to rise more slowly than household incomes, says Zoopla

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We expect house price inflation to remain muted, likely …

Yellen announces efforts to boost the housing supply as high prices create a crunch
6 months, 2 weeks ago

Yellen announces efforts to boost the housing supply as high prices create a crunch

LA Times  

The Biden administration announced new steps to increase access to affordable housing as still-high prices on groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic-emergency years. They include providing $100 million through a new fund to support affordable housing financing over the next three years, boosting the Federal Financing Bank’s …

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices
6 months, 2 weeks ago

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what’s traditionally the housing market’s busiest period of the year. “We had low home sales activity, prices are hitting record highs and homes look like they’re still getting multiple offers.” The …

US home sales post second straight monthly drop; house prices accelerate
7 months, 2 weeks ago

US home sales post second straight monthly drop; house prices accelerate

Live Mint  

* Existing home sales fall 1.9% in April * Housing inventory increases 9% to 1.21 million * Median house price rises 5.7% to $407,600 from year ago By Lucia Mutikani WASHINGTON, May 22 - U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though …

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices
7 months, 2 weeks ago

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

Associated Press  

WASHINGTON — High mortgage rates and rising prices continued to put a damper on the spring homebuying season last month. Existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million in April from a revised 4.22 million in March, the National Association of Realtors reported Wednesday. Homeowners have hesitated to put their houses on the market …

Rightmove expects better year for UK housing market amid 2% customer growth
7 months, 4 weeks ago

Rightmove expects better year for UK housing market amid 2% customer growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rightmove is expecting improvements in …

US renters seeing chance of owning a home at record low, NY Fed Survey shows
8 months ago

US renters seeing chance of owning a home at record low, NY Fed Survey shows

Hindustan Times  

Bloomberg Business US renters are more pessimistic about their ability to ever own a home and households’ expectations of home-price growth has reaccelerated after falling last year, a new Federal Reserve Bank of New York survey showed -- US renters are more pessimistic about their ability to ever own a home and households’ expectations of home-price growth has reaccelerated after …

House prices are falling, but what does the future hold for the market from here?
8 months ago

House prices are falling, but what does the future hold for the market from here?

The Independent  

Britain’s housing market has turned hostile again, at least for sellers. It was possible to find rates close to 1 per cent in 2021, before the Bank of England imposed 14 consecutive interest-rate rises in an attempt to bring an inflationary spike under control. While the US and the UK are in very different places economically, that sort of sudden …

US Existing-Home Sales Decline as Rates Keep Buyers Sidelined
8 months, 3 weeks ago

US Existing-Home Sales Decline as Rates Keep Buyers Sidelined

Live Mint  

-- Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices. “Though rebounding from cyclical lows, home sales are stuck because interest rates have not made any major moves,” NAR Chief Economist Lawrence Yun said in a statement. At the current sales pace, selling all …

Average long-term US mortgage rate climbs above 7%
8 months, 3 weeks ago

Average long-term US mortgage rate climbs above 7%

Associated Press  

LOS ANGELES — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. “Last week, purchase applications rose modestly, but it remains unclear how many homebuyers can withstand increasing rates in the future.” AP AUDIO: Average long-term US mortgage rate …

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