US Housing Market Faces Decline in Sales with Increasing Mortgage Rates
A Challenging September for Home and Apartment Resales In September, the United States experienced a decrease in home and apartment resales, witnessing their lowest level since October 2010. A limited number of affordable properties and high mortgage rates have created an uncertain environment for potential homeowners. Last month marked an annualized estimate of roughly 3.96 […]
Navigating the 2023 US Real Estate Landscape: Key Factors and Market Trends
In recent years, the American real estate market has seen a rollercoaster of changes. From record-breaking sales to unpredictable ups and downs, understanding the current landscape is crucial for potential homebuyers and investors alike. This article explores key aspects of the US real estate market and offers insight into how they might impact future trends. […]
US Real Estate Market Faces Uncertainty Amid Fed’s Monetary Policy Tightening
Fed Announces an Interest Rate Hike The American central bank, the Federal Reserve (Fed), recently announced a significant interest rate hike of 75 basis points, raising rates to 4%. In a note, AXA IM highlights that the Fed Chairman Jerome Powell explained the central bank is moving from rapid rate hikes for tightening monetary policy […]
US Real Estate Market Faces Challenges as Interest Rates Surpass 7%
Rising Mortgage Loans and Fed Action In August 2023, mortgage loan interest rates in the United States exceeded the 7% mark for the first time since 2022. This significant increase is partly due to the Federal Reserve’s decision to raise benchmark rates between 5.25% and 5.50%. The Fed is now considering even tighter monetary policies […]
Key Factors to Consider for Successful Real Estate Investments in the United States
With the booming U.S real estate market and a continuous influx of foreign investors, it is vital to understand potential pitfalls and essential factors to consider when investing in properties. Here’s an exclusive insight into practical recommendations that can help navigate through complex real estate procedures. Be Aware of Fraudulent Sales Tactics As Sylvain Perret, […]
Challenges Ahead: US Housing Market Resumes Faltering Amid Higher Rates and Economic Woes
April Sees Drop in Home Resales Despite Rising Prices In the United States, the real estate market witnessed a continuing decline in home resales throughout April. This trend emphasizes the ongoing challenges faced within the housing sector, despite property prices increasing for the second month in a row following their drop since last summer. Higher […]
Seven reasons to rent a cottage this summer
Now that spring is turning into summer, there’s no shortage of new weekend activities. Camping season is just around the corner, but even if it’s still a little chilly to sleep in a tent, renting a cottage is a great way to get out into nature. Cottages are the best outdoor getaways because they offer […]
US Real Estate Sector Faces Challenges Amid Office Market Crisis
Remote Work Revolution Threatens Commercial Property Industry The COVID-19 pandemic has entirely reshaped the way we work, with remote working becoming a common practice. As modern employees become increasingly likely to share an office at home rather than at a co-working space, the commercial property sector is significantly impacted. Co-working giant WeWork was once valued […]
Mortgage Rates in the US Hit a 21-Year High: How Will it Impact Homebuyers?
Mortgage rates in the United States have reached their highest level since 2002, putting additional strain on buyers already dealing with a tight real estate market and rising prices. According to Freddie Mac, 30-year mortgage rates rose to 7.09% following the Federal Reserve’s interest rate hike. This article will evaluate the consequences of these increasing […]
US Housing Market: A Surge in Prices amidst Decreasing Home Resales
In the United States housing market, a new trend has emerged recently as the prices continue to soar despite a steady decline in home resales. The National Association of Realtors (NAR) reported that historically high levels have been reached this year in terms of median prices for homes. A Quick Overview of the Current Scenario […]