Homes in Rocklin, California, U.S., Tuesday, Dec. 6, 2022. A record number of homes are being delisted as sellers face a sharp drop in demand, according to real estate broker Redfin. David Paul Morris | Bloomberg | Getty Images Used home sales fell 1.5% in December from the previous month, according to the National Association … Read more
Homes under construction in Tucson, Arizona, U.S., Tuesday, February 22, 2022. New home sales in the U.S. fell in January after a surge in purchases at the end of 2021, indicating that a rate hike mortgages could start to dampen demand . Rebecca Noble | Bloomberg | Getty Images Builder sentiment in the single-family home … Read more
The Good Brigade | Digital vision | Getty Images Consumers have returned from the holiday season to find mortgage rates at their lowest level since September, and they are reacting dramatically. The volume of mortgage applications jumped nearly 28% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The … Read more
Just off Miami Beach, on the very exclusive Fisher Island, there is a crane at a construction site. It’s the last plot of land available for development and an unlikely gamble on luxury real estate at a time when the housing market appears to be in freefall. Jorge Perez, also known as “the king of … Read more
