Want more stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the free, daily ResiClub newsletter. This week, researchers at the Federal Housing Finance Agency (FHFA) published a 52-page working paper titled, The Lock-In Effect of Rising Mortgage Rates. The FHFA researchers’ analysis reveals that the lock-in effect—where homeowners with lower mortgage rates are unwilling to sell and purchase another home at significantly higher mortgage rates—has resulted in 1.3 million...
Want more stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the free, daily ResiClub newsletter. According to the Freddie Mac House Price Index, U.S. home prices rose 0.1% during the seasonally soft window from December 2023 to January 2024. On a year-over-year basis, U.S. home prices rose 6.1% between January 2023 and January 2024. National house prices as measured by Freddie Mac ended January 2024 up 1.6% above the 2022 summer peak, and 42.6% above March 2020 levels. ...
LOS ANGELES (AP) — More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. Some 14.6% of U.S. homes listed for sale last month had their price lowered, according to Realtor.com. That’s up from 13.2% a year earlier, []
Scott Melker, also known as the “Wolf of All Streets,” has shared some concerns regarding the bitcoin market. Pointing to his “top signals,” he cautioned that the market could “cool off massively for a few months before hopefully ramping up again in the fall.” This Market Could ‘Cool off Massively’ Scott Melker, also known as […]
Ericsson revealed plans to reduce staff numbers in Sweden by 1,200 as part of a wider cost-cutting drive attributed to continued challenging market conditions.
As the Labor government moves to ban rent bidding, tenants’ advocates say more is needed to address the housing crisisFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastQueensland renter Anne Dirks has spent three months struggling to find a new home.Brisbane last month surpassed Melbourne as Australia’s third-most expensive city, now just behind Canberra and Sydney. She said it has been a hard search, and she has been...
To the Italian capital, for a foodie and cultural weekend: a perfect pairing.
When the Dodgers put tickets to their home opener on sale last month — available in several presales, and then to the general public — the cheapest ticket appeared to be $199. Los Angeles is an event town, and what bigger event than Shohei Ohtani's first home opener with the team that signed him to the richest contract in baseball history? But six days before the home opener, it appears the Dodgers came in too high on how much L.A. fans would pay just to be there. The "get-in price" — that is,...
Global investment bank JPMorgan has cautioned that bitcoin is still overbought despite the crypto’s recent price decline. JPMorgan’s analysts expect continued selling pressure on bitcoin as the halving approaches, “particularly against a positioning backdrop that still looks overbought despite the past week’s correction.” JPMorgan: ‘Bitcoin Remains in Overbought Territory’ JPMorgan’s analysts, led by global strategist […]
The average price of a newly marketed home jumped by more than £5,000 month-on-month in March, in signs that 'we now seem to be past the bottom of the market, according to Rightmove.
In recent years, the East Sussex town of Bexhill has seen many people from London locate down to the area due to the effects of the cost-of-living crisis and the COVID-19 pandemic.It will cost interested home buyers £371,000 less to purchase a property in Bexhill compared to England's capital city.People have moved out from London due to the high cost of properties, as the current valuation of the average house in the city is £706,000, according to Zoopla. Also, semi-detached and terraced homes...
CoPilot compares current used car prices to the replacement cost of a comparable new car and finds rising prices.