Housing

For the first time in over a decade, the median price of existing homes in the U.S. fell by 0.2% year-over-year in February to $363,000, according to National Association of Realtors (NAR) data issued Tuesday. The year-over-year decrease marks the first since 2012, and comes after prices hit an all...

The world of investments is a constantly shifting landscape, and it can be difficult to predict the road ahead. However, the latest insights from the panel of ten leading wealth advisors featured in Knight Frank's 2023 Wealth Report give investors reason to be optimistic. According to the...

About 12% of U.S. renters aren’t caught up with payments, according to National Equity Atlas data, and it could get worse this summer as many leases end and landlords boost prices. That represents 5.2 million American households who were struggling to pay their monthly rents during the...

The housing market began showing signs of life last month, as housing starts rose by 9.8% from January, following a five-month downturn. The Census Bureau tempered that with data issued Thursday showing starts were still 18.4% below the same period last year. The seasonally adjusted annual...

According to Jeff Greene, who turned a $50 million investment into $500 million in 2008 by purchasing credit default swaps on bonds backed by subprime mortgages as the housing bubble burst, the economy is currently experiencing a new asset bubble, including those in crypto, SPACs, overvalued tech...

It's no secret that millennials and Gen Z are facing financial challenges when it comes to purchasing a home. But many older generations insist they had it harder when they were young. The data, however, paints a different picture. Cost of living vs. pay: The cost of living has increased...

Investing in rental properties can be a lucrative business venture, but not all cities are equal in terms of landlord challenges. Some cities impose high property taxes and strict landlord-tenant laws or have low rental demand, slow economic growth and job creation challenges. For instance, because...

The average 30-year fixed mortgage interest rate is up to 7.06%, increasing over 50 basis points over the past month, according to BankRate, causing home-sale prices to slide from a year earlier for the first time in more than a decade. The decrease in home prices are due to climbing rates, meaning...

Nobel laureate and noted economist Paul Krugman raised an interesting question regarding Housing Starts vis-a-vis employment in the sector on his Twitter page. Krugman cited a chart by the St. Louis Federal Reserve and wondered why Housing starts have been on a decline while employment in the...

Author Cullen Roche, the founder and CIO of Discipline Funds, pointed out in a tweet that a mean reversion of house prices to pre-COVID levels may take a long time and that could mean the economy could be in for a long slog. Citing a chart that shows a comparison between house prices and rents,...

The housing market, still in its relentless rough patch as mortgage rates continue to climb higher, is deterring buyers from making a move. What Happened: Mortgage applications for purchasing a home plummeted by 6% last week compared to the previous week, falling for the third straight week,...

Bernard Arnault, the richest person in the world and owner of luxury brand LVMH Moet Hennessy Louis Vuitton, reportedly sold one of his Los Angeles properties in late 2021 for a staggering $84.5 million. While the house was never listed for public sale, grant deeds confirm that the property...

Online loan marketplace LendingTree Inc (NASDAQ: TREE) issued its earnings report for the fourth quarter of 2022, surpassing analyst expectations, though the news was not all positive for the personal and mortgage loan lender. The company laid off about 200 employees amid the high rate environment...

Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, may have his sights set on a strong housing market recovery. What Happened: With existing-home sales falling for the 12th consecutive month in January, Buffet’s recent purchase of 1.25 million shares of Louisiana-Pacific...

Last summer, Federal Reserve chair Jerome Powell laid out a plan to reset the U.S. housing market, which has been putting the squeeze on aspiring homeowners. How? By increasing interest rates, and subsequently spiking mortgage rates. While higher rates alone wouldn't solve the problem of...