This paper uses fractional integration methods to examine persistence, trends and structural breaks in US house prices, more specifically the monthly Federal Housing Finance Agency (FHFA) House Price Index for Census Divisions, and the US as a whole over the period from January 1991 to August ...
"The plunging trend in sales has further to go, and prices are falling," Shepherdson wrote in the note. Painfully high inflation and rising borrowing costs have proven to be a lethal combination for the housing market, forcing potential buyers to pull back on spending. Many experts – in...
Gold price holding $2,600 as U.S. existing home sales fall 2.5% in August (Kitco News) - The gold market continues to hold support above $2,600 an ounce as the U.S. housing sector continues to struggle to find consistent momentum as the sales pace of existing homes continues to fall...
there’s still not enough supply. But it also goes back to the household formation story. Peak homeowner age is between 30 and 39, when people start having children. And we have a lot of people in America in that cohort who need housing just...
The housing market in 2024 is far from uniform across the country. While some previously overheated markets are experiencing significant price corrections, others remain resilient. Sunbelt cities like Austin, Phoenix, and Las Vegas, which saw dramatic price increases during the pandemic, are now witn...
Higher mortgage rates threaten to make the price correction even more dramatic.(Fox News) US HOUSING MARKET SEES $2.3T DROP IN VALUE, BIGGEST SINCE 2008 Higher mortgage rates threaten to make the price correction even more dramatic. "While a modest housing correction remains the baseline...
The downward trend inUS housing startsthat defined the second half of 2022 persisted in January, as starts fell for a fifth consecutive month to open the new year. The US Census Bureau reported January starts at 1.309 million units on a seasonally adjusted annual basis. That’s the lowest le...
- Housing-Related Complaints Find out what to do if you have one of these complaints when buying or renting a home. - Mortgages Learn some of the basics about mortgages. - Moving Find tips and resources on how to hire movers for domestic and international moves, avoid moving fraud and repo...
Housing Home building has been more heavily impacted by high interest rates than other categories of investment. In October, both housing starts and building permits fell for the second month in a row, as elevated rates continue to weigh on affordability for buyers and on the ability of builders...
Several price indices provide valuable hints about buyer interest and general housing market optimism. Standard & Poor’s puts out its S&P/Case-Shiller Home Price Index8looks at the national trend as well as prices in major metropolitan areas. ...