Housing sector sees jump in starts during August
Macro Trends Advisors founding partner Mitch Roschelle weighs in on an unexpected jump in August housing starts and unpacks the housing sector as builders, buyers face bearish trends.
Mortgage rates rise again, challenging housing market
Mortgage rates topped 6% last week as economic indicators showed that consumers are still paying high prices for goods, Freddie Mac said.
Investors, markets anticipate outcome of Fed meeting
Barron’s markets editor Ben Levisohn, reporter Carleton English and associate editor Jack Hough discuss market trends, the impact of the Fed’s meeting on the tech and housing sector and companies’ push to bring workers back to the office.
These housing markets are the most vulnerable in recession
A new report from real estate firm ATTOM revealed the most vulnerable housing markets in an economic downturn due to high unemployment rates and low affordability.
Exodus: Americans abandoning large cities for smaller ones
Global real estate adviser Jenna Stauffer discusses Americans being priced out of the big cities on 'Mornings with Maria.'
Median mortgage payment up 66% from a year ago at today's average interest rate
With the average rate of a 30-year fixed mortgage at 6.02%, Realtor.com's chief economist says the median house payment for buyers is up 66% annually.
Renters relocating due to surging prices
As rent doubles in some parts of the country, some renters are relocating due to the surge in costs. FOX Business' Madison Alworth with the latest.
Fall housing inventory building slowly: Altos Research
Altos Research said housing inventory is building at a much slower pace than predicted at the beginning of the summer.
Mortgage rates climb above 6%, first time since 2008
The average interest rate for a 30-year fixed mortgage is now about 6% for the first time since the financial crisis, more than double what it was a year ago.
Scott Wren: We're losing buying power everyday
Wells Fargo Investment Institute senior global market strategist Scott Wren discusses jobless claims, headwinds for the housing market and the Fed's handling of inflation.
Average interest rate for 30-year fixed-rate mortgage hits 6% for first time in 14 years
The average rate for 30-year fixed mortgages reached the 6%-mark for the first time in 14 years, according to the most recent Mortgage Bankers Association survey.
TD Bank joins others in offering special purpose credit programs to homebuyers
More banks have started offering special purpose credit programs to help homebuyers cover down payments and closing costs.
Tappable home equity rises to a new record high
Homeowners have more access to cash through their house as home prices rise. Here's how to access yours.
Restoration Hardware dives into hotel business
RH, previously Restoration Hardware, joined the hotel business this week by opening a boutique hotel, RH Guesthouse, in New York City's Meatpacking District.
Zero percent mortgages hitting Main Street
Zero down-payment mortgages and similar programs appear to have recently been gaining traction on Main Street.
Mortgage rate savings still possible despite highest levels in 14 years
30-year mortgage rates closed in on 6% last week, reaching the highest level in 14 years.
The housing market will continue to ‘slump’ for the remainder of 2022: Redfin chief economist
Daryl Fairweather, chief economist at Redfin, discusses the current landscape of the housing market as reports reveal that homes are selling for less than their asking price on ‘Varney & Co.’
Florida housing market seeing building prices drop, mortgage rates rising: Sen. Scott
Sen. Rick Scott, R-Fla., discusses Florida's housing sector and responds to Hillary Clinton, President Biden and other Democrats’ rhetoric against Republicans ahead of midterm elections.
Mortgage rates reach highest level since 2008
Mortgage rates rose again this week to their highest level since 2008, approaching 6% as the Federal Reserve prepares more rate hikes, Freddie Mac says.
Portland’s homeless crisis has residents ‘picking somewhere else’ to live, realty broker says
As Portland residents flee the city over rising crime and residential homeless camps, Dwell Realty broker George Patterson says houses are selling "for slightly less" amid the crises.