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Housing market

Mortgage rates are declining, but buyers still need some coaxing to get back into the market. Signs in the market have analysts suggesting the worst of the current mortgage cycle may be behind us in 2024.

Owning a home has rarely been this much more expensive than renting

The premium for homeownership has grown in recent years as home insurance, upkeep, and high mortgage rates skew the buying vs. renting math.

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Fintech New Silver Inks Deal With Fortress for Real Estate Loans

(Bloomberg) -- Fortress Investment Group LLC has clinched a deal to buy real estate loans originated by financial technology platform New Silver, according to a statement seen by Bloomberg, as private credit firms grow their footprint in asset based debt.Most Read from BloombergParis to Replace Parking Spaces With TreesTrump Promises Could Have Seismic Impact on Washington EconomyNew York’s Transit Agency Approves $9 Congestion TollTokyo’s Scorching Summers Focus Public Anger Against Tree Cuttin

US Housing Starts Slide 3.1% as Hurricanes Impact South Region

(Bloomberg) -- US housing starts declined in October to the slowest pace in three months as hurricanes exacerbated an easing in construction activity more generally.Most Read from BloombergParis to Replace Parking Spaces With TreesNew York’s Transit Agency Approves $9 Congestion TollIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftTrump Promises Could Have Seismic Impact on Washington EconomyA Bug’s Eye View of Mexico City’s Modernist ArchitectureHousing starts decreased 3.1% l

US single-family housing starts slump; high mortgage rates remain a challenge

WASHINGTON (Reuters) -U.S. single-family homebuilding tumbled in October likely as Hurricanes Helene and Milton depressed activity in the South while permits rose slightly, indicating that an anticipated rebound probably would be muted by higher mortgage rates. The report from the Commerce Department on Tuesday suggested that residential investment, which includes homebuilding, remained subdued at the start of the fourth quarter after contracting in the last two quarters. The housing market has been battered by higher borrowing costs as the Federal Reserve tightened monetary policy to combat inflation.

Dubai Ruler’s Firm Considers Two Real-Estate Listings in 2025

(Bloomberg) -- An investment conglomerate owned by Dubai’s ruler is weighing plans to list the commercial and residential units of its property portfolio separately in an effort to harness the city’s real estate boom.Most Read from BloombergParis to Replace Parking Spaces With TreesNew York’s Transit Agency Approves $9 Congestion TollIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftA Bug’s Eye View of Mexico City’s Modernist ArchitectureAmtrak Wins $300 Million to Fix Its Unrel

Olav Thon, billionaire Norwegian real estate developer, dead at 101

Olav Thon, a billionaire entrepreneur recognizable for his bright red cap who went from selling leather and fox hides in his youth to build one of Norway's biggest real estate empires, has died, his company said Saturday. “It is with great sadness that we have today received the news that Olav Thon has passed away,” Olav Thon Gruppen said in a statement. Thon was born in the village of Ål in the Hallingdal Valley, northwest of Oslo, on June 29, 1923.

China's home prices fall fastest in 9 years, but officials see signs of stabilisation

China's new home prices fell the most year-on-year in October since 2015, but a narrowing monthly rate of declines suggested the property sector was beginning to stabilise with a barrage of support from the government. In annual terms, new home prices slid 5.9% in October, in their 16th consecutive month of declines, after a 5.8% drop in September. However, month-on-month, new home prices were down 0.5% in their slowest decline since March, after dipping 0.7% in September, according to Reuters calculations based on National Bureau of Statistics (NBS) data.

Mortgage rates stay flat as Trump’s second term comes into focus

Mortgage rates stayed flat from last week at 6.78% as financial markets reacted to President Trump's re-election.

The average rate on a 30-year mortgage in the US slips to 6.78%

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week.

NYC bans unusual practice of forcing tenants to pay real estate brokers hired by landlords

Mandatory broker fees, an unusual feature of New York City apartment hunting long reviled by renters, will be banned under legislation that passed Wednesday after overcoming fierce backlash from the city's real estate lobby. Under a system that exists in New York and almost nowhere else in the country, tenants are often forced to pay the commission of a real estate agent before moving into an apartment, even if that agent was hired by the landlord. The fees are steep, typically totaling as much as 15% of the annual rent, about $7,000 for the average-priced New York City apartment.

Mortgage companies that borrowers are most satisfied with, according to J.D. Power

J.D. Power released its 2024 mortgage lender customer satisfaction survey — and the results are surprising. Here are the major changes in lender satisfaction.