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The housing market is at risk of a severe crash after President Trump delayed stimulus talks until after the election.A study from Princeton and MIT researchers found that 30 to 40 million renters might be at risk of eviction.The lack of stimulus and a gloomy outlook for real estate leaves
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China, Singapore, and Seoul’s housing market demand is continuing to surge, defying the pandemic-induced economic slump.Singapore, in particular, is seeing a consistent increase in demand all-around, even in the suburbs.UBS analysts believe global housing prices are nearing bubble levels, but strategists see major catalysts for home prices in 2021.The financial
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The U.S. dollar has been in a downtrend that looks likely to continue. The Fed has fueled further speculation thanks to its recent policy changes. With no real competitor for a global currency, the dollar won’t go away overnight. The U.S. dollar appears set for a decade-long downward trend, at least according to
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The Dow Jones rallied 100 points Tuesday.The U.S. housing market continues to boom, thanks to the Federal Reserve.JPMorgan believes tech and white-collar dominance could face a reckoning.The Dow Jones rallied on Tuesday as a buoyant U.S. housing market continues to go from strength to strength. One JPMorgan strategist believes that
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Strong demand for homes suggests the market is strong. Several factors have the potential to bring the housing market crashing down. A significant factor moving forward will be affordability. Bears have been predicting an impending housing market crash for some time, and the pandemic seemed to be the perfect catalyst for a downward
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Demand for homes is high, as shown by strong growth in pending home sales. Low inventory could hinder further sales growth. It has never been more expensive to buy a home in the US. The U.S. housing market shows no sign of slowing this summer. Buyers continue to show strong demand as mortgage
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Home prices rose 0.8 percent in the second quarter of 2020. Overall, prices are up 5.4 percent nationwide compared to a year ago. Investors are thinking about housing more than ever as further potential lockdowns loom. The U.S. housing market secured a modest advance in the second quarter of the year, experiencing a
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According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas.The United Socialist Party of Venezuela has decided to not allow cryptocurrency
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Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced today that crypto mining operations won’t be allowed in any state-owned housing or neighborhoods that are part of the “Gran Misión Vivienda” project (Great Home Mission).During an official speech on July 15, Villaroel stated that any kind of equipment related to
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The U.S. housing market just got its ugliest batch of pandemic-tainted data yet. Existing home sales fell 9.7% in May – and crashed a staggering 26.6% annually. Here’s why economists remain sanguine about the outlook for the housing market anyway. A new bundle of housing market statistics paints a perilous picture of the
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