Fitch Ratings has projected a slowdown in US housing market growth in 2025, driven by cost pressures from higher tariffs and immigration restrictions. The agency highlighted Tuesday that trade protectionism would increase prices on essential construction materials, while labor shortages,...
Fitch Ratings said in its report on Thursday that it estimates that the Federal Reserve's decision to cut its key interest rate by 50 basis points for the first time since 2020 could lower pressures on the housing market.However, Fitch stressed that mortgage rates are unlikely to drop below 5.0% before...
The United Kingdom's Competition and Markets Authority (CMA) announced Wednesday that it will consider the undertakings offered by homebuilders Barratt Developments plc and Redrow plc regarding their potential merger valued at £2.5 billion.The CMA indicated that "there are reasonable...
Jerome Powell, the chair of the Federal Reserve, emphasized on Tuesday that tight monetary conditions, along with pandemic-related disruptions, have placed upward pressure on housing sector activity.When questioned by Senate Committee on Banking, Housing, and Urban Affairs Chair Sherrod...
United States Department of Justice (DoJ) is broadening its investigation into the rental housing sector by initiating a criminal inquiry into RealPage which is a corporation with a relevant role in the sector of developing software for property pricing, Politico reported on Wednesday.
According to four...
Mortgage applications in the United States saw a weekly decrease of 1.3% in the seven-day period ending September 22, the Mortgage Bankers Association (MBA) revealed in its report published on Wednesday.
The average interest rate for 30-year mortgages went from the previous week's...
Mortgage applications in the United States saw a weekly decrease of 0.8% in the seven-day period ending September 8, the Mortgage Bankers Association (MBA) revealed in its report published on Wednesday.
The average interest rate for 30-year mortgages went from the previous week's...
The National Association of Home Builders (NAHB) recorded in its report on Monday the sixth consecutive month of improvement in builder confidence, as well as the second non-negative reading since July 2022 after beating market forecasts.
The NAHB housing market index for May expanded by 5...
The National Association of Home Builders (NAHB) published a new report on the state of the housing market in the United States on Monday. The data showed the fifth consecutive month of improvement in builder confidence, as well as the first non-negative reading since July 2022.
The NAHB...
The United States Federal Housing Administration, part of the Department of Housing and Urban Development (HUD), plans to cut down potential homebuyers' costs of mortgage insurance, The Wall Street Journal reported on Tuesday.
Reducing fees paid by borrowers to the government agency...
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