Housing

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...

As families purchasing or selling homes withdraw from the market, home sale activity might hit its lowest point in the coming year since the early 1980s, according to Taylor Marr, deputy chief economist at Redfin. Even if mortgage rates drop further next year, affordability in the housing market is...

With mortgage rates falling for the fifth consecutive week, newer homeowners who locked in higher rates are looking for ways to reduce their monthly mortgage costs — and they’re doing so by refinancing in flock-like numbers. What Happened: Applications to refinance a home loan jumped 6...

November saw a further decrease in new U.S. home construction and permits fell as affordability and demand for homes were weakened by high borrowing prices and persistently high inflation. What Happened: According to data issued by the Census Bureau and Department of Housing and Urban...

According to a recent LendingTree survey, a sizable portion of Americans believe the once-booming housing market is about to see a significant crash. What Happened: 41% of Americans, according to the survey that was originally reported by the New York Post, believe that the housing market will...

Rent prices increased marginally in November, up 1.23% month-over-month to $2,007 from $1,983 in October, following two straight months of falls. According to Rent.com data, the reversal was caused by rising costs for two- and three-bedroom apartments as well as a rise in pricing for the most...

Data issued by Redfin Corp (NASDAQ: RDFN) Thursday revealed its Homebuyer Demand Index — which tracks various services tied to early-stage home buying — was up 10%, while mortgage applications came in 14% higher than at the end of October. Those would-be homeowners who have been...

Lennar Corp (NYSE: LEN) shares fell late Wednesday despite better-than-expected results from the homebuilder. The stock is bouncing Thursday and Raymond James was out with some commentary on the quarter. Q4 Earnings Rundown: Lennar reported fourth-quarter...

Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America’s farmland. While that is false, with the billionaire amassing nearly 270,000 acres of farmland across the country, compared to 900 million total farm acres, a different...

Researchers at Morgan Stanley expect the housing market to take a dive in 2023, blowing cold air on those who purchased a home in 2022. What Happened: Morgan Stanley anticipates a 4% year-over-year gain in U.S. home prices by the end of 2022 as determined by the Case-Shiller Index. However, given...

Jeremy Siegel, a professor at Wharton, predicts that the housing market will see negative growth as a result of future Federal Reserve interest rate increases that will raise mortgage rates even further. Due to the average rate for a 30-year fixed mortgage more than doubling this year, the housing...

It's not surprising that the real estate market has slowed as a result of the Fed's repeated interest rate hikes, but what is surprising is that billionaires are interested in buying estate right now. Why? Well, they are not purchasing residential homes but rather two forms of real...

The alarm is sounding for American homeowners trying to sell their home, as rising mortgage rates frighten away purchasers. And, the U.S. housing market recession is only going to get worse, according to analysts. According to recent data, existing home sales fell 28.4% in October, marking the...

Armada ETF Advisors (BATS: HAUS) CEO Phil Bak said Tuesday that a blow-up in the private REIT space could be just as impactful to the markets as the FTX meltdown was to cryptocurrency — and according to Bak, it requires three components to make it happen. What Happened: The Armada...

Toll Brothers Inc (NYSE: TOL) issued an upbeat earnings report Tuesday — the company's strongest in history. The report came in above consensus estimates on the top and bottom lines, but Raymond James analysts say 'not so fast,' citing data that could dampen Toll Brothers'...