Markets

US pending home sales leap to record as housing-market surge continues

The National Association of Realtors’ Pending Home Sales Index surged 8.8% last month to an all-time high of 132.8, signalling the US housing market’s rally continued into the fall. Economists surveyed by Bloomberg expected an increase of 3.1%. The reading is the fourth-straight climb for the index. All four major […]
US pending home sales leap to record as housing-market surge continues
Markets

US 30-year mortgage rate falls to 2.86%, its 9th record-low of 2020

The US 30-year fixed mortgage rate fell to 2.86% from 2.93%, its lowest level in Freddie Mac data going back nearly 50 years. The rate has hit record lows nine times in 2020, fuelling the housing market’s rally throughout the coronavirus pandemic. Though the housing market’s strength persisted through the […]
US 30-year mortgage rate falls to 2.86%, its 9th record-low of 2020
Markets

US housing starts smash July forecasts, surge by the most since 2016

US housing starts jumped 22.6% in July to a seasonally adjusted 1.5 million, the Commerce Department reported Tuesday. The solid report marked the third-straight month of gains and exceeded economists expectations for an increase to 1.25 million. “Housing construction blew past expectations, cementing the industry as one of the solid […]
US housing starts smash July forecasts, surge by the most since 2016
Markets

US home-mortgage delinquencies surge to the highest level in 9 years

US home mortgage delinquencies surged to the highest level since November 2011, according to a Monday report from Black Knight. Total borrowers more than 30 days late skyrocketed to 4.3 million in May from 3.4 million in April, the report showed. In addition, more than 8% of all US mortgages […]
US home-mortgage delinquencies surge to the highest level in 9 years
Lifestyle

The 15 worst US cities for people trying to sell a house

A recent study by personal finance platform GoBankingRates revealed a list of the biggest US housing markets where it’s most difficult to sell a house. To gather the list, the study looked at cities where home values are greater than median list prices and analysed each market across six weighted […]
The 15 worst US cities for people trying to sell a house
Markets

Forget San Francisco and New York — millennials prefer these 9 smaller cities with ‘extremely low home prices’ and robust local economies

High-earning millennials are flocking to smaller US cities to put down roots, according to a new Realtor.com report ranking the hottest ZIP codes in America. Buyers are attracted to these markets largely because of their affordable home prices and proximity to big cities. Midwestern cities dominate the list, including Grand […]
Forget San Francisco and New York — millennials prefer these 9 smaller cities with ‘extremely low home prices’ and robust local economies