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Real Estate
US Homebuilder Sentiment Falls For Ninth Straight Month
Figures revealed on Monday shows that the National Association of Home Buyers/Wells Fargo gauge of homebuilder sentiment decreased by three points to 46. This is the ninth consecutive month that homebuilder sentiment has declined—a record streak of declines since the data was first released...
Mortgage Rates Close in on 14-Year Record
The rate on the 30-year fixed mortgage rose from 5.66% to 5.89% this week; a staggering 2.5 percentage points higher than at the start of the year. Should the mortgage rate hit 6%, it will be the highest rate that has been recorded since...
Goldman Sachs Forecasts Decline in Home Prices in 39% of U.S. Cities Next Year
With the U.S. housing market cooling down this year following mortgage rate hikes and record home appreciation, economists at Goldman Sachs expect significant price falls in 39% of metropolitan areas in the United States in 2023.
As stated by analysts in the Goldman Sachs’...
BlackRock and Other Funds Cut China Exposure Amid Real Estate Crisis
BlackRock and several other of Asia's largest high-yield bond funds have limited their exposure to China's real estate sector as the country's liquidity crisis continues to worsen.
According to a report by research firm Morningstar Inc, BlackRock is not the only fund that has suffered...
Mortgage Rates Pass 5% This Week After Brief Dip
The 30-year fixed mortgage jumped to 5.22% this week after ending the previous week at 4.99%. While this rate sits below June's high of 5.81%, this is still a two percentage point gain since the start of the year.
This increase is a large...
Average NYC Rent Per Month Surpasses $5,000 Again
The fact that you can rent an apartment for $2,000 a month throughout most of America would blow the minds of New Yorkers. This is because the average rent for a place in Manhattan is higher than ever these days.
For the second straight month,...