Housing

Overview Today, we got the September Consumer Price Index (CPI) report which showed an overall increase of 3.2% in the last year and 0.0% vs last month. This was below expectations of 3.3% for the year and 0.1% for the month. The Core CPI which excludes food and energy was up 4.0% for the last year...

A new computerized climate modeling tool that combines multiple data streams to assess an area's risk of flooding shows almost the entire Texas coast is below the predicted flood level by 2050. Cities from Corpus Christie to Galveston could see flooding become an annual event in less than 30...

The economic costs of climate change have been rising rapidly as increasing temperatures and frequent natural disasters shake up civilization. While the current housing crisis was engineered by the rising interest rates, recurring natural disasters have been impacting the cost of home insurance...

As people turn their attention to holiday festivities, the rental market is entering its slow season and prices are continuing to soften throughout much of the country. The national median rent for both one- and two-bedroom apartments is down month over month, a continuation of the decline...

The housing bubble is heating up, with median 30-year mortgage rates hitting the 8% threshold, the highest since 1995. As monthly mortgage payments rise because of soaring home prices and interest rates, obtaining a mortgage has become increasingly challenging for many prospective buyers....

A recent study by Lending Tree found that America's largest metropolitan areas have a combined 5.5 million vacant houses. Many of these homes are being held as dual-use properties by investors, who are renting them out as short-term rentals for part of the year and using them as vacation homes for...

The portion of mortgaged homes that are equity-rich slipped at its fastest pace in at least four years, but the number of loans that are seriously underwater improved in the third quarter, according to real estate data firm ATTOM's 2023 U.S. Home Equity & Underwater Report. The report found...

The housing market has been grappling with rising mortgage rates and declining homebuilder sentiment over the past couple of years, as mortgage rates hit the highest level since 1995 while homebuilder sentiment fell to a 10-month low earlier this month.  Tech-based real estate company Zillow...

Countries worldwide have been focusing on raising interest rates to counter skyrocketing inflation over the past couple of years. Japan, the third-largest economy in terms of gross domestic product (GDP), maintained its benchmark interest rates, which caused the Japanese yen to depreciate in terms...

Ryan Frazier is a co-founder and CEO of Arrived Homes, a platform for real estate investments offering shares of rental properties. As a serial entrepreneur, Frazier co-founded and managed DataRank, a product and brand conversation analytics company which got acquired by Simply Measured. Frazier...

Invitation Homes Inc (NYSE: INVH) shares are on course to exit October with losses of around 7%. Rent growth and occupancy are normalizing and should remain above the pre-COVID-19 pandemic averages in 2024, according to Oppenheimer. The Invitation Homes Analyst: Tyler Batory upgraded the rating for...

Eloise, the young girl of storybook fame who lives in the "room on the tippy-top floor" of New York City's Plaza Hotel, has captivated children's imaginations since her creation in 1955. And now that those children have become adults, many of them are purchasing opulent residences that have the...

Mortgage rates hovering near 8% — the highest level in 23 years — are taking a toll on the housing market.  Demand for housing loans has fallen to the lowest level since 1996, with total application volume declining 6.9% over seven days ending Oct. 18, according to the Mortgage Bankers...

The dream of owning a home is becoming more challenging for many Americans, highlighted by the sharp rise in mortgage rates and the continual climb of home prices.  A typical homebuyer now needs an income of $114,627 to afford a median-priced home in the U.S., a 15% ($15,285) increase from a...

In a real estate market that seems to defy gravity, profits from home sales are soaring, leaving homeowners and investors with smiles as wide as their property lines. Profit margins on median-priced single-family home and condo sales increased to 59% in the third quarter — the second consecutive...