Bank of America has given D. R. Horton a reality check, downgrading its stock from "buy" to "neutral. " Analyst Rafe Jadrosich now expects the homebuilder to face tough times ahead, with a target price of $150 per share, just a 5% increase from its current value. High interest rates and rising input costs are putting a damper on housing demand and squeezing D. R. Hor...
Last year, Americans bought the fewest homes in nearly 30 years. It's not because people don't want to buy homes; it's because many can't afford to. High housing prices, not enough homes for sale, and rising mortgage rates are making it very hard, especially for first-time buyers. Experts say these issues might not improve soon. The U. S. hasn't been building enough...
In 2024, American home sales hit a new low, falling to numbers not seen since 1995. The reason? Sky-high home prices and high mortgage rates are making it tough for people to buy homes. Previously owned homes, which make up most of the market, saw a total of only 4. 06 million sales last year. That's a real drop! Interest rates on 30-year fixed mortgages peaked at 7...
Ever felt like housing is becoming way too expensive? You're right, and it's not just because of the pandemic. The truth is, it's more about how much land costs these days. Prices have gone up even faster than housing costs, making land about 40% of what we pay for a home. In big cities like San Jose and Los Angeles, land prices take up nearly three-quarters of the p...
LA's rental market is seeing a sudden boost in prices due to the recent fires devastating homes. For instance, a furnished Bel Air home's listed price jumped from $15, 900 to $29, 500 per month in just a few months. Real estate agent Fiora Aston mentioned dozens of displaced families contacting her, implying that there's a desperate need for housing. Such cases sugge...
As 2024 draws to a close, mortgage rates are on the rise again. The average 30-year fixed-rate mortgage is now just below 7%, the highest it's been in six months. This increase comes despite the Federal Reserve's recent rate cut. The central bank, however, is less optimistic about further cuts this year due to persistent inflation and a strong job market. Mortgage ra...
As we wrap up 2024, the housing market has seen a growth in supply, but there's a catch. Many homes have been on the market for quite a while without finding buyers, a trend not seen since 2019. In November 2024, active listings were up by 12. 1% compared to the same month in 2023, hitting the highest level since 2020, according to a report by Redfin. Over half of th...
Recent global events like the digital revolution, health crises, and economic turmoil have shaken up both digital and traditional asset markets, changing how we invest. This study looks at how Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi) assets, and the housing market interact during extreme events. From March 5, 2018, to January 8, 2024, major events lik...
Hey there! Did you know that the average rate for a 30-year mortgage in the US just dropped a bit? It went from 6. 79% to 6. 78%, ending a six-week rise. Why is this happening? Well, mortgage rates are like a mirror reflecting the 10-year Treasury bond yields, which have recently been bouncing around. Just last week, these bond yields jumped because of expectations ...
You might be wondering what's happening in the housing market lately. Well, mortgage rates have been on the rise, and it seems like everyone is taking a moment to think about what this means. Last week, mortgage rates jumped to their highest point since July. This increase happened as investors started to think about what a Trump presidency could mean for the economy...