The current downturn in the real estate market may seem bleak to some, but according to UBS, it presents a significant opportunity for long-term investors. In a market where all 11 main groups in the S & P 500 have seen improvements except for real estate, which has fallen by 4.7% in 2024, there is
Real Estate
Manhattan’s real estate market is experiencing a significant shift towards buyers, as apartment prices have decreased and inventory has increased. Reports show that in the second quarter of 2024, the average real estate sales price in Manhattan fell by 3% to just over $2 million. Additionally, the median price dropped by 2% to $1.2 million,
Recent reports indicate that the heat in the housing market is beginning to cool down, with home prices experiencing a decline in their upward trajectory. While prices remain higher compared to a year ago, the rate of price appreciation has slowed significantly. According to data from real estate brokerage Redfin, the typical house sold for
The summer housing market is facing challenges due to a weaker-than-expected spring market. High home prices, coupled with rising mortgage rates, are hindering any significant growth in the housing sector. Despite a small increase in home listings, weekly mortgage demand has been stagnant for the second consecutive week. Total mortgage application volume saw only a
The housing market in the United States is facing numerous challenges that are likely to impede any significant recovery in the coming years. Bank of America economists have painted a rather bleak picture of the sector, citing various factors that are contributing to the current stagnation. Despite a surge in housing activity during the pandemic,
As the second half of the year unfolds, fixed-income investors are urged to assess their portfolios and make necessary adjustments. Initially, there were expectations of multiple interest rate cuts by the Federal Reserve in 2019. However, the Fed has maintained the federal funds rate at the range of 5.25% to 5.50%. There is a growing
When looking at the least difficult places to buy a home in the U.S., a new real estate indicator reveals that Iroquois County, Illinois, is the most cost-effective or affordable housing market among the measured counties. Cost is one of the contributing factors that determine the ease of purchasing a home in a particular area.
The trend of constructing more built-for-rent single-family homes in the U.S. is gaining momentum, with a 20% increase in construction during the first quarter of 2024 compared to the same period in 2023. This surge is attributed, in part, to the housing affordability crisis, which is forcing many individuals to opt for renting instead of
The recent drop in mortgage rates did not seem to have a significant impact on consumer behavior. According to the Mortgage Bankers Association, total mortgage application volume only rose by a mere 0.9% compared to the previous week. This minimal increase raises questions about the factors influencing consumer decisions regarding mortgage applications. The average contract
The Federal Reserve has been closely monitoring inflation trends in recent months, with a focus on housing costs as a key factor affecting interest rate decisions. Despite positive developments in the inflation reports for April and May, Fed officials are still hesitant to lower interest rates due to the persistent elevation of shelter costs. Housing