Browsing: News

In a notable development on November 2, 2023, government bond yields in the UK and across Europe dropped following the decision by the Bank of England (BoE) and other central banks to hold interest rates steady. This move came after an unexpectedly dovish stance from the Federal Reserve, causing shifts in global borrowing costs. Impact...

As the cost of housing continues to climb across the United States, many would-be homebuyers are finding themselves in a difficult position. According to a recent Redfin report, to afford a home in the nation’s most expensive metro areas, prospective buyers will need to earn well above the median household income. For the vast majority...

The luxury real estate market in South Florida has seen unprecedented growth as billionaires and millionaires continue to flock to the region, driving home prices to new heights. From Palm Beach to Miami Beach, these affluent buyers are reshaping the housing landscape, making once-expensive properties seem even more out of reach for the average homebuyer....

Philadelphia Federal Reserve President Patrick Harker has expressed his belief that the central bank should refrain from raising interest rates further, advocating instead for maintaining the current rate levels. In remarks prepared for the Delaware State Chamber of Commerce, Harker explained that the Federal Reserve has already made substantial progress in addressing inflation through its...

As mortgage rates rise and home prices remain high, many potential homebuyers are finding it increasingly difficult to secure financing. A recent report from the Consumer Financial Protection Bureau (CFPB) reveals that “insufficient income” is now the leading cause of mortgage application rejections, marking a notable trend in the housing market. Rising Mortgage Payments and...

Lot values for single-family detached homes continued to rise in 2022, with many regions setting new nominal records, but the increase in lot values has not kept pace with inflation in most of the United States, according to the National Association of Home Builders’ (NAHB) analysis of the Census Bureau’s Survey of Construction (SOC) data....

Despite recent fluctuations in the housing market, experts predict that home prices will continue to rise in 2024. Leading real estate firms, including Freddie Mac, Zillow, and the National Association of Realtors (NAR), forecast that housing prices will be driven upward due to ongoing demand and insufficient housing supply. Limited Housing Supply Drives Price Increases...

Builder confidence in the newly built single-family home market has dropped for the second consecutive month, continuing the trend of weakened sentiment due to persistently high mortgage rates. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence fell five points in September, landing at a score of 45....

Private investment in student housing, specifically in dormitories, saw a slight uptick in the second quarter of 2023, according to data from the Bureau of Economic Analysis (BEA). The investment rose by 1% to a seasonally adjusted annual rate (SAAR) of $3.6 billion, following a 6.4% increase in the first quarter of 2023. Despite this...

Wood framing continues to dominate the construction of single-family homes in the U.S., with new data from the National Association of Home Builders (NAHB) revealing that 94% of new homes completed in 2022 were wood-framed. This marks the third consecutive year of growth in wood-framed home construction, up from 90% in 2019. Other framing methods,...