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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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  • [ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
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HomeHousing Bubble

Housing Bubble

A housing bubble refers to a situation in the housing market where housing prices become artificially inflated due to speculation and high demand, rather than actual demand based on the underlying economic and demographic factors such as population growth, job market, and affordability.

This can create a situation where housing prices rise far beyond what can be sustained by the underlying fundamentals of the housing market, leading to a sudden and sharp decline in prices, often resulting in a housing market crash.

Financial Markets

Foreclosures continue to surge: Are they a threat to the housing market?

October 21, 2023 Allen Santos Comments Off on Foreclosures continue to surge: Are they a threat to the housing market?

Is this a repeat of the 2008 housing bust? The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year ago to nearly 125,000, according to […]

Fannie Mae
Housing

Higher mortgage rates will complicate housing affordability in 2024: Fannie Mae

October 19, 2023 Mariel Alumit Comments Off on Higher mortgage rates will complicate housing affordability in 2024: Fannie Mae

Soaring interest rates and a higher-for-longer policy will take its toll on the economy, according to Fannie Mae’s Economic and Strategic Research (ESR) group. “The cause of the recent run-up in long-term rates is multifactorial […]

Housing Bubble

Mortgage applications sink to 1995 levels as rates soar

October 18, 2023 Mariel Alumit Comments Off on Mortgage applications sink to 1995 levels as rates soar

As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Last Monday, in an attempt to calm the markets, a coalition of […]

Housing

Housing construction picked up in September, but developers are getting anxious

October 18, 2023 Allen Santos Comments Off on Housing construction picked up in September, but developers are getting anxious

Housing starts climbed to a seasonally adjusted annual rate of 1,358,000 in September, according to U.S. Department of Housing and Urban Development and U.S. Census Bureau data. It’s a 7% gain from the revised August […]

Home Values

Inventory growth slows even with higher rates

October 10, 2023 Mariel Alumit Comments Off on Inventory growth slows even with higher rates

Mortgage rates were scarier than Freddy Krueger last week, rising to a 23-year high as some of the labor data surprised to the upside. Unfortunately, those higher mortgage rates didn’t spur inventory growth this week, […]

Home Values

Opinion: The ripple effect on the U.S. housing market from China’s real estate crisis

October 6, 2023 Allen Santos Comments Off on Opinion: The ripple effect on the U.S. housing market from China’s real estate crisis

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over […]

Housing

San Francisco unveils jaw-dropping $900 monthly rent for tiny 4-foot pods amid housing crisis

October 2, 2023 Mariel Alumit Comments Off on San Francisco unveils jaw-dropping $900 monthly rent for tiny 4-foot pods amid housing crisis

San Francisco, known for its breathtaking views and the iconic Golden Gate Bridge, has become a symbol of extremes. As California’s housing crisis has reached epic proportions, some San Francisco residents have resorted to extreme […]

Home Values

Pending-home sales drop 13% from a year ago as rates stay high: Redfin

September 24, 2023 Allen Santos Comments Off on Pending-home sales drop 13% from a year ago as rates stay high: Redfin

Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. Pending-home sales fell 13% from a year ago for the four weeks ending Sept. 17, according to a new report from Redfin. […]

Home Values

Fannie Mae’s chief economist on housing market outlook

September 24, 2023 Allen Santos Comments Off on Fannie Mae’s chief economist on housing market outlook

The Federal Reserve‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. While the central bank left the benchmark rate unchanged in the target range of […]

Mortgage
Financial Markets

Mortgage Application Volume Struggling With Higher Rates

August 24, 2023 Allen Santos Comments Off on Mortgage Application Volume Struggling With Higher Rates

Mortgage interest rates rose again last week, reaching the highest level in nearly a quarter century and further sidelining mortgage borrowers. The Mortgage Bankers Association (MBA) reported that its Market Composite Index, a measure of […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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