In a startling turn of events, mortgage rates in the United States have skyrocketed back to a staggering 7%. With this significant surge, the dream of homeownership is becoming increasingly unattainable for many Americans, as the cost of purchasing a house now reaches nearly $2,700 per month. This includes mortgage payments, taxes, insurance, and maintenance…
Canadian Housing Market Trends in February 2023
The Canadian housing market has been in the news recently due to a variety of factors, including rising interest rates, the mortgage stress test, and a decline in home prices. In this article, we’ll take a closer look at some of the latest statistics and trends from the Canadian Real Estate Association (CREA) and other…
US Housing Market Trends in 2023, Challenges, and Predictions
The US housing market is facing numerous challenges in 2023, including rising interest rates, economic uncertainties, and declining home prices. Despite these challenges, there are some positive indicators such as the increase in new home sales and the slowing down of rent growth in some areas. It is essential to keep in mind that the…
Housing Market Trends: Recent Changes and Future Forecasts
The US housing market has been a leading indicator of the economy for years. Recent data suggests a decline in demand, which may signal economic trouble ahead. Rising inequality and a lack of affordable housing are also pressing issues. While the single-family rental industry may have emerged from the 2008 financial crisis, lawmakers are now…
Housing Market Trends in Boston Amidst a Shortage of Homes
Housing Market Trends in Boston show that Boston housing market is facing some significant challenges, but there are early signs of a potential recovery. The shortage of homes for sale and rising prices have made it increasingly difficult for buyers to enter the market, but the importance of shelter in driving CPI-housing growth is a…
The Shrinking US Housing Market
The US housing market has taken a significant hit in recent months, with the total value of homes declining by $2.3 trillion, or 4.9%, in the second half of 2022. This represents the largest drop in percentage terms since the 2008 housing crisis. While home prices are not collapsing, it is clear that the pandemic…
U.S. Housing Market: Past, Present and Future
As the title suggests this article the story of U.S. housing market’s Past, Present and Future. It is a story of growth and expansion, punctuated by periods of crisis and instability. The History of the U.S. Housing Market: The history of the U.S. housing market dates back to the early days of the country’s founding,…
U.S. Residential Construction Market, in JANUARY 2023
U.S. Residential Construction Market, despite economic uncertainties is robust. The January 2023 statistics for new residential construction in the US indicate a mixed picture. While building permits for privately-owned housing units increased slightly from December 2022, they were still 27.3% lower than the rate for January 2022. Similarly, housing starts in January 2023 were down…
U.S. Rental Market Trends in February 2023
The U.S. rental market is showing signs of cooling off, with a decline in the growth rate of apartment rents and an increase in rental discounts in select metro areas. This trend could help make housing more affordable for renters and ease the rise in overall inflation. However, the rental market is not operating in…
Gains in the Stock Market as CPI Data Expectations Point to Lower Inflation
The stock market saw broad-based gains this week as it continued to recoup losses from the previous weeks. The S&P 500 index saw gains across various sectors, with energy being the biggest gainer in Monday’s trading. Traders were optimistic about the latest read on inflation, as the consumer-price index data released on Tuesday showed a…