housing market News

UK Sees a Surge in Mortgage Approvals and Remortgaging Hits Peak Since October 2022

The UK housing market shows signs of growth with mortgage approvals increasing to 64,200 in June, and remortgaging approvals reaching their highest since October 2022. Consumer cre...

ECB Survey Reveals Slight Dip in 1-Year Inflation Expectations to 2.6%, Stability in Longer Terms

The ECB's June survey shows a slight decline in 1-year inflation expectations to 2.6%, with stable longer-term forecasts. Economic growth and unemployment outlooks show minor impro...

June Sees a Slight Uptick in US New Home Sales Amidst Yearly Decline

In June, US new home sales saw a 0.6% monthly increase but a 6.6% yearly decline, with median and average sales prices at $401,800 and $501,000 respectively, and a 9.8-month supply...

Bank of Korea Maintains Steady Interest Rates Amid Economic Stimulus and Housing Market Surge

The Bank of Korea decided to maintain the base rate at 2.5%, balancing economic stimulus with concerns over rising housing prices and household debt. This decision reflects the cha...

South Korea's Housing Market Heats Up: BOK Governor Warns of Faster Price Rises Than Last Year

Bank of Korea Governor Rhee Chang-yong warns of faster housing price rises in South Korea than last year, calling for stronger macroprudential policies and expanded central bank au...

Surge in US Mortgage Applications: A 1.1% Weekly Increase Signals Market Resilience

The US mortgage applications rose by 1.1% in the week ending May 9, with the Purchase Index climbing significantly. Despite a slight increase in interest rates, the market shows re...

Breaking Down the Numbers: Why Americans Now Need $114,000 to Afford an Average Home

To afford a median-priced home in the U.S., buyers now need an annual income of $114,000, a significant increase from six years ago. High-cost areas require even more, with San Jos...

Surge in US Mortgage Applications: An 11% Weekly Jump Signals Changing Economic Winds

US mortgage applications surged by 11% in the week ending May 2, with interest rates for 30-year fixed mortgages dropping slightly. The Purchase and Refinance Indexes also saw sign...

Surge in US Mortgage Applications: An 11% Weekly Increase Signals Market Shift

Mortgage applications in the US surged by 11% last week, with interest rates for 30-year fixed mortgages dropping to 6.84%. The MBA's survey also noted increases in the Purchase, R...

Surge in US Mortgage Applications: An 11% Weekly Jump Signals Market Shift

Mortgage applications in the U.S. increased by 11% last week, with interest rates for 30-year fixed mortgages dropping slightly. The MBA's survey also noted rises in the Purchase, ...

Surprising 11% Spike in US Mortgage Applications Signals Market Shift

The US mortgage applications surged by 11% in the week ending May 2, with a decrease in interest rates and increases in Purchase and Refinance Indexes, signaling a vibrant mortgage...

Surge in US Mortgage Applications: An 11% Weekly Increase Signals Market Shift

US mortgage applications surged by 11% last week, with interest rates for 30-year fixed mortgages dropping slightly. The Purchase and Refinance Indices both saw increases, indicati...

Surge in US Mortgage Applications: An 11% Weekly Increase Signals Market Shift

US mortgage applications saw an 11% weekly surge, with interest rates for 30-year fixed mortgages dropping slightly. The MBA survey notes significant index increases, amidst mixed ...

March Sees a Surge: US Pending Home Sales Leap by 6.1%, Signaling a Robust Housing Market

US pending home sales increased by 6.1% in March, the highest since December 2023, with the South region leading the growth. Experts attribute this surge to buyer sensitivity to mo...

Weekly US Mortgage Applications Dip by 4.2% Amid Economic Uncertainty and Labor Market Concerns

The US saw a 4.2% weekly decline in mortgage applications, with the average interest rate for 30-year fixed-rate mortgages slightly decreasing to 6.89%. Economic uncertainty and la...

UK House Prices Slow Down: April Sees a Dip to 3.4% Annual Growth Amid Stamp Duty Changes

UK house prices grew by 3.4% annually in April, a decline from March's 3.9%, with average prices at £270,752. Stamp duty changes led to a March transaction spike, with a softer mar...

Chonburi's Real Estate Market Pivots: From Sales Slump to Thriving Townhouse Rentals

Chonburi's real estate market faces a sales slump, prompting a shift to townhouse rentals. Despite challenges, this strategy shows promise, though the transition to homeownership r...

March Sees a Sharp 5.9% Drop in US Existing Home Sales Amid Affordability Crisis

US existing home sales dropped by 5.9% in March, with affordability challenges and high mortgage rates cited as key factors. The median sales price rose slightly, while inventory l...

March Sees a Sharp 5.9% Drop in US Existing Home Sales Amid Affordability Crisis

US existing home sales fell by 5.9% in March, with affordability challenges and high mortgage rates cited as key factors. The median sales price rose to $403,700, while inventory l...

March Sees a Sharp 5.9% Decline in US Existing Home Sales Amid Affordability Crisis

US existing home sales plummeted by 5.9% in March, with affordability challenges and high mortgage rates cited as key factors. The median sales price rose slightly, while inventory...

March Sees a Significant 5.9% Drop in US Existing Home Sales Amid Affordability Challenges

US existing home sales fell by 5.9% in March, with affordability challenges and high mortgage rates cited as key factors. The median sales price rose to $403,700, while inventory l...

March Sees a Sharp 5.9% Drop in US Existing Home Sales Amid Rising Prices and Inventory

In March, US existing home sales fell by 5.9%, with prices rising 2.7% year-over-year. High mortgage rates and affordability challenges are impacting the market, as noted by NAR's ...

March Sees a Sharp 5.9% Drop in US Existing Home Sales Amid Affordability Crisis

US existing home sales fell by 5.9% in March, with the median price rising to $403,700. High mortgage rates and affordability issues are cited as key factors slowing the market.

March Sees a Surprising 7.4% Surge in US New Home Sales, Defying Market Expectations

US new home sales rose by 7.4% in March, with 724,000 units sold, a 6% increase from last year. Inventory grew slightly, with a median sale price of $403,600, reflecting a decrease...

March Sees a Surprising 7.4% Surge in US New Home Sales, Defying Market Expectations

US new home sales rose by 7.4% in March, reaching 724,000 units, with a 6% increase from last year. Inventory levels grew slightly, offering an 8.3-month supply, while median price...

Sharp 12.7% Drop in US Mortgage Applications Signals Economic Uncertainty

The US mortgage applications plummeted by 12.7% in the week ending April 18, as per the MBA survey. Key indexes and mortgage rates showed a downward trend, with experts citing econ...

Sharp 12.7% Drop in US Mortgage Applications Signals Economic Uncertainty

The US mortgage applications dropped by 12.7% in a week, with key indexes showing significant declines. Economic uncertainty and rate volatility are cited as major factors affectin...

March Sees a Surprising 7.4% Jump in US New Home Sales, Signaling Market Resilience

New single-family home sales in the US rose by 7.4% in March, with 724,000 units sold, indicating a strong housing market. Inventory increased slightly, while median prices saw a d...

Sharp 12.7% Drop in US Mortgage Applications Signals Economic Uncertainty

The US mortgage applications plummeted by 12.7% in a week, with key indexes showing significant declines and interest rates on the rise, reflecting economic uncertainty and its imp...

Sharp 12.7% Drop in US Mortgage Applications Signals Economic Uncertainty

The US mortgage applications plummeted by 12.7% in the week ending April 18, as per the MBA survey, with key indexes and interest rates showing unfavorable trends for homebuyers.

US Mortgage Applications Witness a Sharp 12.7% Drop Amid Economic Uncertainty

The US mortgage applications dropped by 12.7% in a week, with key indexes showing significant declines and interest rates rising, attributed to economic uncertainty and rate volati...

US Mortgage Applications Take a Dramatic 12.7% Dive Amid Economic Uncertainty

The US mortgage applications plummeted by 12.7% in a week, with significant drops in market, purchase, and refinance indices, amid rising interest rates and economic uncertainty.