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
Tag: homebuyers
‘They’re waiting to see if home prices fall’: Home buyers are backing out of contracts in the Sun Belt at a record rate
The tide has turned, and buyers are now backing out of deals in the Sun Belt as rates rise and home prices remain unaffordable. Once pandemic boomtowns, 15.2% of homes Read more
Potential homebuyers may start to feel some relief: Use our interactive to see how housing inventory changed in your county
Potential homebuyers may soon see relief as the housing market added more inventory year-over-year for the first time since September 2019. Total listings increased 3.5% from July 2021, according to Read more
Webinar: Aug. 3: MarketWatch – What Homebuyers and Sellers Need to Know About This Challenging Real Estate Market by Barron’s Events
Aarthi Swaminathan Personal Finance Reporter, MarketWatch Aarthi Swaminathan is a personal finance reporter covering real estate at MarketWatch. She was previously with Yahoo Finance in New York and CNBC in Read more
Is the housing market in a recession? Here’s what economists are saying
The housing market is cooling off. After two years of red-hot sales, economic data paints a tale of a market that’s seeing weaker sales, plunging sentiment among homebuilders, and rising Read more
Nearly 25% of first-time homebuyers open a new credit card when they close on a home. Why that could be a really bad idea.
Nearly a quarter of first-time homebuyers are opening new cards within six months of buying a home, according to a new study. The study by Realtor.com and Experian, which was Read more
‘Good deals for the bold:’ How the rest of 2022 might play out for hopeful homebuyers
This is reprinted by permission from . The first half of 2022 was a catastrophe for home buyers. Skyrocketing mortgage rates and home prices made homeownership unaffordable for millions of Read more
This couple only rents their lake house to ‘pay as you wish’ friends and rents continue to rise, putting pressure on would-be homebuyers. That’s bad news for the Fed
Hi, MarketWatchers. Don’t miss these top stories. ‘Peak inflation is not here yet’: Rents continue to rise, putting pressure on would-be homebuyers. That’s bad news for the Fed. In the Read more
‘Peak inflation is not here yet’: Rents continue to rise, putting pressure on would-be homebuyers. That’s bad news for the Fed.
Rents will continue to rise, contributing to inflation, until the end of the year, economists say. With home prices and mortgage rates this high, many prospective homeowners are choosing to Read more
ARMs are making a comeback—are they too risky for hopeful homebuyers?
Adjustable-rate mortgages suffered a tarnished reputation after the 2008 financial crisis. They faded away and lurked on the fringes of the mortgage market for years. But as home buyers grapple Read more
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