The numbers: U.S. existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.71 million in September, the National Association of Realtors said Wednesday. This is the eighth straight Read more
Tag: Bubble
U.S. existing-home sales fall again as housing downturn gathers steam
The numbers: U.S. existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.71 million in September, the National Association of Realtors said Wednesday. This is the eighth straight Read more
UBS has released its annual house price bubble report. Here are the most overvalued markets.
The housing market is in something of its own recession as mortgage rates have surged. If the economist consensus is right about an existing home sales report due later in Read more
Mortgage applications fall as rates rise to the highest level in 16 years
The numbers: Mortgage applications fell 2% this week, as rates continue to inch higher, adding hundreds of dollars in costs to potential homebuyers. Rates are a hop and a skip Read more
How online brokers and the tech bubble set the tone for decades to come
On an October morning 25 years ago, MarketWatch started providing real-time news and market data to the general public on the internet. Individuals were fleeing their stockbrokers for new online Read more
I’m 73 and on Social Security. I make about $1,000 a month renting my second home in Florida. But costs are rising. Should I sell my rental?
I am a 73-year-old with two homes in Tampa, Fla. I live in one, and rent the other. I paid $245,000 at a 2.75% interest rate for the one I’m Read more
U.S. new home sales surge 28.8% in August
The numbers: U.S. new home sales surged 28.8% to a seasonally-adjusted annual rate of 685,000 in August, from a revised 532,000 in the prior month, the Commerce Department reported Tuesday. Read more
U.S. home prices fell in July, as mortgage rates approach 7%
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise slowed to 16.1% year-over-year in July, a lower rise than the 18.7% jump in the previous month. In the Read more
U.S. home prices see biggest deceleration in the history of the Case-Shiller index, as mortgage rates approach 7%
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise slowed to 16.1% year-over-year in July, a lower rise than the 18.7% jump in the previous month. In the Read more
Fed will tolerate a recession, and 5 other things we learned from Powell’s presser
But there were a lot of moving parts to the Fed’s message. Here are six things we learned from the central bank’s economic projections and Fed Chairman Jerome Powell’s press Read more