An interest rate cut would mean a lot of things: one undoubtedly good one would be a housing market more welcoming to buyers.
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In an interview with Barron’s, Lowe’s CEO Marvin Ellison said a rebound is inevitable in America’s something’s-gotta-give housing market
While the pain to building owners has been deep and long-lasting, the predictions of Office Armageddon are proving somewhat premature.
Prices for existing homes in the US inched up just 0.2% in July, according to a National Association of Realtors report published Thursday.
A full 37% of homebuilders have slashed prices this month, down ever so slightly from a record 38% in July.
On the other hand, the market slowdown is — ever so incrementally — taking a toll on house prices, according to Zillow forecasts.
While June typically marks the hottest point of the year for home sales, last month instead saw a decline as prices rose to a record high.
Prospective homebuyers and sellers are in a holding pattern, as persistently high mortgage rates and prices keep them from making moves.
The deal is with NYC real estate developer Related, which is seeking to capitalize on the return to office push in the economic metropolis.
To say housing is the defining issue in current New York City politics is likely a massive understatement.
It may well be another indicator that the market is finally tipping in buyers’ favor, as the construction industry faces major headwinds.
A new report by Redfin showed that US home sellers now outnumber by buyers by nearly half a million, the biggest gap on record since 2013.
Even before the latest jump in mortgage rates, existing home sales slid 0.5% last month, according to the National Association of Realtors.
Combined, Rocket and Mr. Cooper will service a $2.1 trillion loan book across 10 million clients, accounting for one in six US mortgages.
Blackstone’s BXMT mortgage trust, on the other hand, is buckling under the weight of a pile of office loans gone bad.
Simply put: too many prospective buyers remain priced out of the market. And tariffs aren’t likely to bring prices down.