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The U.S. housing market is bouncing back quickly, fueled by record-low mortgage rates. The housing shortage is worsening, further increasing home prices. Low-income Americans can’t afford a house despite low mortgage rates. The pandemic has hit the U.S. housing market hard. Millions of Americans have lost their jobs and did little shopping because
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Harry Potter star Rupert Grint made a name for himself playing Ron Weasley in the hit movie franchise. He made a $70 million-dollar fortune, but his acting career sputtered out like a faulty broom. Don’t feel sorry for Grint. He took his Hollywood millions and became a wizard in the U.K. housing
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Quicken Loans is planning an IPO. The mortgage lender is cashing out ahead of what could be years of low interest rates. A hot U.S. housing market looks to be on borrowed time as federal protections expire at the end of July. It turns out Quicken Loans wants an initial public offering (IPO).
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The U.S. housing market recovery has been nothing short of extraordinary. There’s still one problem, though, and it threatens the pace of the real estate sector rebound. The mortgage market has a credit crisis, and it’s only getting worse. Given the headwinds faced by the U.S. economy, it would be hard to imagine
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The U.S. housing market may look up as employment numbers indicate a recovery. Job postings have started ticking up. Home demand remains strong. The housing market should have been in tatters given the massive spike in unemployment in recent months, but that hasn’t been the case so far. In April, the market held its
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The Dow rose sharply on Friday after the release of a much better-than-expected jobs report. Rising Treasury yields are pushing mortgage rates higher. Higher mortgage rates could impact housing demand. The Dow Jones jumped by more than 3% Friday, surging past 27,000. Friday’s gains add to the rally that started on March 23.
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A closely-watched gauge of housing market demand hasn’t just recovered – it’s surged 18% over previous-year levels. Mortgage applications for home purchases have climbed for seven consecutive weeks. Threats remain, but for now, the housing market is heating up faster than almost anyone expected. There was always hope that the U.S. housing market
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U.S. home prices extended their nine-year winning streak in April, rising 5.4% over previous-year levels. That streak is about to come to an end. CoreLogic analysts predict this key metric of housing market strength will fall 1.3% over the next 12 months. With millions of people likely to remain unemployed for months
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Housing is the one sector of the economy that experienced a V-shaped recovery. Activists are calling for rent forgiveness as many renters aren’t able to pay rent. Canceling rent would have catastrophic consequences on the housing market and the economy. The pandemic has plunged the United States into a deep recession. More than
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Housing market forbearances leveled off in May, but lenders are still facing a huge cash shortfall. The Federal Reserve is pumping the housing market full of froth. The backlash will be jarring when baby boomers flood the market with supply. The U.S. housing market received another nugget of good news last week. The
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