Buyers are highly considering newly built homes amid a shortage of available homes in the U.S. Here's what this means and where prices are standing.
Teaching unions share family’s disappointment after government says system has ‘significant benefits’Ofsted’s controversial single-word judgments are here to stay, the government has ruled, in a blow to campaigners who hoped they would be scrapped after the suicide of the primary school headteacher Ruth Perry.Perry’s sister, Prof Julia Waters, reacted with fury to the government’s statement, published on Thursday in response to an inquiry into Ofsted by MPs on the Commons education committee,...
Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to the previous month and 3.7% year-over-year, to an annual rate of 4.19 million, according to a press release from the National Association of Realtors (NAR). The average for a 30-year fixed-rate mortgage reached 7.10% this week, a substantial jump from 6.88% last week, depressing Americans’ desire to switch homes and possibly...
Electric vehicle registrations rose in recent years despite interest rates also rising. Experts caution Canada's transition to EVs could still be challenging.
A huge family home in South East Sheffield has been listed on the local property market for £465,000. The four bedroom property is found on Oxclose Park Rise in Halfway, S20. The estate agents Whitehornes wrote on Zoopla the house had been “finished internally to the very highest of standards with absolutely no expense spared”. The listing features a guide price of £465,000 - £485,000. The ground floor expands outwards from a central entrance hall, with the study, dining room, lounge and...
Micro Trumps Macro As Stocks Shrug Off Week Of Higher Inflation, Higher Rates, & Lower Growth It was an ugly macro week Source: Bloomberg and worse still, 'growth' surprises disappointed significantly while 'inflation' surprises surprised to the upside significantly Source: Bloomberg Soaring inflation expectations sent rate-cut expectations to new cycle lows Source: Bloomberg pushing yields higher across the board (led by the long-end) Source: Bloomberg But, stocks...
Bonnington Place, from Bancon Homes, it’s a stylish development of 33 luxury homes, with two, three and four bedroom layouts available. Here, just four miles from the city bypass, it creates the perfect blend of accessible location and tranquil haven; It’s hard to believe Scotland’s busiest airport is just a few miles up the road, and the nightlife of Edinburgh is on your doorstep, while your home feels like a little slice of a semi-rural idyll. The brand new Bancon Homes development is at...
The New York Times did a classic the economy is awful story by highlighting the fact that 1.3 million homeowners might not be moving because of the large gap between current mortgage rates and the rate they would have to pay on a new mortgage. While this is clearly a problem, the flip side is More
New home construction in the US slowed last month as residential starts decreased 14.7% to a 1.32 million annualized rate, the lowest since August. Building permits, which point to future construction, fell to a 1.46 million rate in March. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
“It seems increasingly likely that mortgage rates are not going to come down anytime soon,” Bright MLS chief economist Lisa Sturtevant said.
LOS ANGELES >> Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months.