The Property Brothers, renowned for their HGTV renovation expertise, have issued a dire warning about the future of homeownership. During […]
Results for: Housing Market
Wedbush analyst Jay McCanless believes the recent drop in Toll Brothers’ stock due to rising mortgage rates presents a buying opportunity. He points to strong demand from Toll’s competitors and the company’s ability to maintain pricing power, leading to an upgrade to Outperform and a price target increase to $175.
New research suggests that rising home prices could benefit Vice President Kamala Harris in the upcoming presidential election, particularly in key swing states. The study, analyzing data from six presidential elections, found a correlation between strong home price gains and support for the incumbent party. While the housing market’s influence on voter behavior isn’t a guarantee, it could play a significant role in determining the outcome, especially in closely contested races.
While the national housing market struggles with high prices and mortgage rates, several cities offer relative affordability. Explore the top 5 cities where homeownership is still within reach, including Pittsburgh, Detroit, Buffalo, Rochester, and St. Louis. Learn about factors contributing to their lower median list prices and how these markets are attracting buyers seeking a more attainable homeownership experience.
Mortgage applications in the U.S. have plummeted for the fourth consecutive week, driven by rising interest rates. This decline is particularly pronounced for refinancing applications, reflecting the sensitivity of this market to short-term rate fluctuations. The housing market slowdown is also reflected in the declining performance of mortgage-related stocks, such as REITs and long-term Treasury bond ETFs.
In 2012, amidst the uncertainty of the post-financial crisis housing market, Warren Buffett made a bold statement: he’d load up on homes if he could. His prediction proved remarkably accurate, as home prices soared over the next decade. This article examines Buffett’s rationale and how his advice on long-term real estate investment remains relevant today.
A new survey reveals that over a quarter of prospective first-time homebuyers are holding off on purchasing until they see if Vice President Kamala Harris’s proposed $25,000 down payment assistance program comes to fruition. The uncertainty surrounding the upcoming election and its potential impact on housing affordability is influencing purchase decisions, especially for those seeking government assistance.
US stock markets are anticipated to open with a mixed tone on Monday, following a sixth consecutive week of gains. The focus will shift to earnings season, with major companies like Tesla, Boeing, and General Motors set to release their results. The housing market will also be under scrutiny, with key data releases expected throughout the week.
This week saw a continuation of the bullish market trend, with all three major indices experiencing their sixth consecutive week of gains. Apple’s iPhone 16 achieved record sales, while meme coins like Dogecoin and Shiba Inu reached billion-dollar valuations faster than traditional companies. However, rising interest rates and the FTC’s ‘Click-to-Cancel’ rule are posing challenges for some sectors.
Despite record-low mortgage rates, California home sales took a dip in September, reaching their lowest point in nine months. The California Association of Realtors (C.A.R.) attributes this slowdown to buyer hesitancy amidst economic uncertainty and the expectation of further interest rate fluctuations. While inventory has improved and prices are expected to moderate, the fourth quarter could present opportunities for buyers who’ve been waiting for a market shift.