SHOCKING: Housing market - You Need To See This

Stagnant housing market leaves American sellers facing deep price cuts

Sellers now far outnumber buyers, leaving owners faced with difficult decisions

The Independent UK · Oct 25

Home sellers are lowering their price and helping buyers to make a deal in a stagnant market

A stagnant housing market hampered by surging mortgage rates, years of soaring home prices and an economy undercut by rising inflation has many sellers stuck in limbo as homes go months without an offer

The Independent UK · Oct 25

Alleged Mortgage Fraud Exposed: Lawsuits detail DSCR loan flips; Baltimore housing suffers

In 2022, a property in Baltimore purchased for $43,000 astonishingly changed hands for $310,000 just a year later. This sharp spike in valuation has led to accusations of inflated property prices by investors, resulting in numerous foreclosures. Federal lawsuits allege a scheme involving over 150 properties generating millions in loans,…

The Times of India · Oct 24

Oberoi Realty Q2 pre-sales jump seven-fold to Rs 9,149 crore on strong sales in Gurugram housing market

Oberoi Realty Ltd reported a remarkable increase in sales bookings to Rs 9,149.69 crore in the second quarter. The company launched its first luxury housing project in Gurugram, resulting in high demand and strong sales. During the first half of the fiscal year, total income rose to Rs 3,098.06 crore…

The Economic Times · Oct 18

In 2016, ‘Porcelain’ musician Moby bought a 1920s Los Angeles home for $3.4 million, renovated it, and sold it two years later for $4.91 million, a $1.51 million price increase

Moby's profitable house flip illustrates the allure of real estate investment in today's market conditions. His renovation efforts yielded a substantial profit, which is more remarkable than average house flippers achieve. However, the overall housing market in 2024 presents significant challenges for potential homebuyers. The median age of first-time homebuyers…

The Economic Times · Oct 16

‘American dream will continue to exist’: Warren Buffett’s successor is betting big on U.S. housing

Berkshire Hathaway CEO Greg Abel has made three big homebuilding moves since taking over from Buffett, even as he concedes there’s no “quick recovery” coming for the housing market.

Fortune · Oct 15

Why a Listing Photo That Works in Silver Lake Can Fail in Encino

The best real estate photography Los Angeles has to offer never follows one formula, because LA is not one housing market.

inkl · Oct 12

Home Depot and Lowe’s Hit 52-Week Lows—But Analysts Aren’t Giving Up

Home Depot and Lowe's shares hit 52-week lows amid a frozen housing market, but both posted strong earnings and carry Moderate Buy ratings with notable upside targets.

MarketBeat · Oct 11

US 30-year fixed-rate mortgage rate hits 7.40%, likely to further erode housing demand

In the U.S., the 30-year fixed-rate mortgage has surged to 7.40%, fueled by rising inflation that has also driven up energy costs and Treasury yields. With midterm elections looming, the housing market is grappling with affordability challenges. Homeowners are reluctant to sell due to these higher mortgage rates. While home…

The Economic Times · Oct 8

Oil and gas prices jump on Middle East shipping attacks, sending bond yields higher and stocks lower – as it happened

Brent crude tops $105 a barrel amid attacks on tankers and squeeze on US oil output in Gulf of Mexico as storm Isaias approaches

The Guardian - UK · Oct 8