Housing

The Federal Reserve’s decision to continue raising interest rates, despite recent stress in the banking sector, sent a very clear signal to investors that it views inflation as an acute problem. If history is any indication of investor sentiment during times of rising interest rates and...

Anthony Noto, the CEO of SoFi Technologies Inc. (NASDAQ:SOFI), shed light on the formidable challenges faced by individuals in their pursuit of the American Dream. Highlighting the soaring costs of higher education, stagnant wages and unaffordability of home ownership, Noto brought to attention the...

Despite the current housing market downturn and an unpredictable future, paint and coatings giant Sherwin-Williams Co (NYSE:SHW) is positioned to outperform, according to Jefferies. The Analyst: Laurence Alexander upgraded the stock from a Hold to a Buy rating, and raised the price target to $275....

In a twist to the long-standing belief that buying a home is more financially savvy than renting, a recent study from Redfin Corp (NASDAQ:RDFN) tells a different story. What Happened: Today, in all but four major U.S. metros, it is notably more costly to buy a home than to rent one. Among the 50...

Samuel Zell, founder and chairman of Equity Residential (NYSE:EQR), a titan of the real estate industry and a formidable figure in the corporate world, died at the age of 81. Zell’s influence extended far beyond real estate, touching various sectors including manufacturing, retail, travel,...

In the midst of a stretched housing market, the U.S. NAHB/Wells Fargo Housing Market Index (HMI) saw a sharp rise of 5.0 points, which beat expectations, landing at 50.0 in May. It’s the highest level since July 2022, suggesting a fresh wave of confidence in new home construction. What Is the...

As the housing market grapples with elevated prices and a historic drop in listings, there's a glimmer of hope for homebuyers: mortgage rates are taking a slight dip. The CME Group FedWatch tool currently shows an 89.3% probability that the Federal Reserve will pause rate hikes in June, a move...

Ramit Sethi, a self-made millionaire and star of Netflix Inc’s (NASDAQ: NFLX) "How to Get Rich," says that homeownership is overrated, and people should think twice before investing in a home. Sethi's "most controversial money opinion" is that homeownership is not...

Zillow Group Inc (NASDAQ: Z) (NASDAQ: ZG) reported a 90% decline in revenue year-over-year for the first quarter of 2023 amid the still tumultuous housing market. The historic decline was primarily attributed to the company's planned shift away from home-flipping, which was already priced...

Despite a constrained national housing market, homebuilder sentiment is on the rise, and so are the stock prices of most homebuilders. The NAHB/Wells Fargo Housing Market Index, a monthly survey of homebuilders designed to gauge confidence in the market, increased for a fourth month to 45 in April...

Despite a constrained national housing market, homebuilder sentiment is on the rise, and so are the stock prices of most homebuilders. The NAHB/Wells Fargo Housing Market index, a monthly survey of homebuilders designed to gauge confidence in the market, increased for a fourth month to 45 in April...

Once known for its budget-friendly living, Texas is now seeing a swift decline in housing affordability, notably in its four major metro areas: Austin, Dallas, Fort Worth, and San Antonio. Drawn by the state's historically low cost of living, an influx of domestic and international migrants has...

A chorus of top Wall Street analysts expect more slowdowns in inflation in the coming months following the release of the CPI data in March, owing to substantial falls in the shelter component that accounts for roughly one-third of the basket.  Mark Zandi, chief economist at Moody...

Home prices in the U.S. saw an increase in February for the first time in seven months, according to Black Knight's latest Mortgage Monitor Report. What Happened: Price rises seen on both non-adjusted and seasonally adjusted bases can be attributed to a combination of a slight easing of...

Billionaire turned philanthropist Bill Gates made another unique financial play, this time with his recent foray into livestock production in sub-Saharan Africa. This comes after Gates debunked long-held conspiracy theories that he owned 80% of all U.S. farmland, stating that he owns less...