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Housing has never been this unaffordable - and home prices are only going to keep rising, Goldman Sachs says

Sat, 10/14/2023 - 05:45

Tech Insider : Economy, Economy

An above shot of houses, yards, and streets. — US house prices will carry on rising despite record-low affordability levels, according to Goldman Sachs.
adamkaz/Getty Images

economy, Markets, economy, Markets, real-estate, house-prices, Housing

The top 10 states people are flocking to

Sat, 10/14/2023 - 05:12

Two people fly fishing in a creek. — Silver Creek, Idaho.
Karl Weatherly/Getty Images

Real Estate, real-estate, housing-market, home-prices, Relocation, Migration

Homebuyer demand has crashed to its lowest level in almost a year as mortgage applications hover near a 3-decade low

Fri, 10/13/2023 - 14:58

Rows of suburban homes in Ocala, Florida — Ocala, Florida
Michael Warren/Getty Images

Markets, mi-exclusive, Markets, housing-market, mortgage-rates, mortgage-applications, Redfin

This chart shows how housing affordability has plunged across the US

Fri, 10/13/2023 - 10:01

Home affordability has plunged in the US — Home affordability has plunged in the US since 2019
Maskot/Getty Images

Markets, mi-exclusive, Markets, housing-market, home-prices, mortgage-rates, housing-affordability

Home foreclosures are at their highest level since the start of the pandemic as the 'financial aftermath' take a toll on buyers

Fri, 10/13/2023 - 09:48

A home foreclosure sign. — A home foreclosure sign.
Reuters

Markets, mi-exclusive, housing-market, foreclosures, housing-foreclosures, housing-market-outlook, home-affordability-crisis

Nobel economist Paul Krugman gets trolled for saying inflation is over if you just exclude most of what people buy

Fri, 10/13/2023 - 07:54

Tech Insider : Economy, Economy

Economist Paul Krugman at the Rafael del Pino Foundation on February 17, 2020 in Madrid, Spain. — Paul Krugman.
Ricardo Rubio/Europa Press via Getty Images

economy, economy, us-markets-and-economy, paul-krugman, nobel-prize-in-economics, Inflation, Recession

Housing market competition cools off, opening up more inventory and slowing down prices

Thu, 10/12/2023 - 11:54

Seattle houses — ADUs are popping up in Seattle backyards like these.
MarkHatfield/Getty Images

Markets, mi-exclusive, housing-prices, housing-market, mortgage-rates, housing-supply, housing-shortage

Americans' average rent payments have jumped to $2,047. This chart shows how affordability has evolved in the last decade.

Thu, 10/12/2023 - 10:56

brooklyn apartment rent — A sign advertises an apartment for rent along a row of brownstone townhouses in the Fort Greene neighborhood on June 24, 2016 in the Brooklyn borough of New York City
Drew Angerer/Getty

Markets, mi-exclusive, Markets, zillow, housing-market, Investors, Rent

5 Southern cities where houses are shrinking

Wed, 10/11/2023 - 12:28

homes of varying sizes — Homes for sale have been shrinking in size since the pandemic.
Batorskaya Larisa/Getty Images

Real Estate, housing-market, south, home-prices, Downsizing

I entered a bidding war to land an apartment. It was way more brutal than I expected.

Wed, 10/11/2023 - 05:24

Tech Insider : Economy, Economy

A auction gavel hits the top of a New York apartment, sending yellow sparks from its perimeter. Anonymous hands raise numerous prices as they bid on this apartment amid a light blue background — At every step of my apartment hunt, the message was clear: Being first in line may not be enough.
Arantza Pena Popo/Insider

Real Estate, economy, Discourse, Markets, finance, real-estate, Housing

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