Housing Market News

CNBC

Softening housing market is not a crash

Benjamin Tal, deputy chief economist at CIBC Capital Markets, talks with the Financial Post’s Larysa Harapyn about the outlook for the Canadian economy in the fourth quarter. Listen to Down to Busine..
Market Watch

'The housing market will get smaller in 2023': Redfin lays off 13% of staff

Redfin RDFN, is laying off staff again, as the housing market continues to hurt from high mortgage rates and low demand. Redfin CEO Glenn Kelman said on Wednesday that the real-estate brokerage was l..
CNBC

Canada's slumping housing market weighs on Home Capital's loans

The tumult in Canada’s housing market is starting to take its toll on lenders, with Home Capital Group Inc. reporting a plunge in third-quarter originations. Home Capital, which lends largely to borr..
CNBC

Canada's Slumping Housing Market Weighs on Home Capital's Loans

(Bloomberg) — The tumult in Canada’s housing market is starting to take its toll on lenders, with Home Capital Group Inc. reporting a plunge in third-quarter originations. Home Capital, which lends l..
Market Watch

'Only time will tell if September was the nadir:' Zillow reports sharp home-value declines in these cities, amid grim outlook for U.S. housing market

Winter is coming, and the real-estate market is slowly coming to a standstill. According to a new report by Zillow Z, , the typical home in the U.S. saw its value barely inch up between September and..
Market Watch

Freddie Mac 3Q Profit, Revenue Down on Deteriorated Housing Market

Federal Home Loan Mortgage Corp., or Freddie Mac, on Tuesday posted a significant decline in profit for the third quarter of the year, with revenue falling amid worsening housing-market conditions. T..
CNBC

Posthaste: Could the worst be over for Canada's biggest housing market?

Good Morning! Regional real estate reports out last week showed Canada’s housing markets continue to deflate under the weight of rising interest rates. No surprise there. The Bank of Canada has hike..
CNBC

Swedish House Price Slide Deepens in Test of Vulnerability

(Bloomberg) — Sweden’s housing market distress worsened last month as higher interest rates and concerns over energy costs pushed prices of single-family homes lower. The housing slump, which is mirr..
Fox Business

Confidence in US housing market hits a new low: Fannie Mae

Consumer confidence in the U.S. housing market has tumbled to the lowest level on record as rapidly rising mortgage rates and high home prices force potential buyers to pull back. In October, just 16..
Market Watch

BofA cuts home price growth to 0% for next 2-3 years, but still sees no major distress unfolding

Record low affordability and a dearth of houses to buy have credit analysts at BofA Global cutting their outlook for U.S. home price growth to zero in 2023, while also warning that prices could stay f..
CNBC

Consumer confidence in the housing markets hits a new low, according to Fannie Mae

An 'Open House' sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Rising mortgage rates, high home prices and uncertainty in the overall economy have America..
Market Watch

Home-buying sentiment hits all-time low, as mortgage rates surpass 7%, Fannie Mae says

Home shoppers have been so put off by elevated home prices and mortgage rates that buying sentiment has hit an all-time low, Fannie Mae FNMA, said. The agency on Monday reported that its Home Purchas..
Market Watch

‘There’s no doubt the housing market received a significant shock’: U.K. house prices fall further

U.K. house prices fell at its fastest rate in October in 21 months, after mortgage rates soared in reaction to the ill-fated mini budget. According to the latest data from one of the U.K.’s biggest m..
Market Watch

A home buying tactic from the '70s and '80s is seeing a revival—here's how it works and what buyers and sellers get out of it

This article is reprinted by permission from NerdWallet. Home buyers are looking for ways to whittle down their mortgage rates. As a result, a once-popular home-selling tactic is making a comeback. I..
CNBC

Sterling rises but gloomy economic outlook remains in focus

LONDON — Sterling rose on Monday, largely boosted by a softer dollar, which pushed the pound back up to levels seen before the Bank of England (BoE) delivered its biggest interest rate hike in three d..
Fox Business

Interest rates have risen, yet this couple wants their 'American Dream Home' by the beach

This week on "American Dream Home," we once again headed back to the Gulf Coast of Texas — and the city of Galveston. "American Dream Home" has visited this coastal city twice before. We go back to ..
Market Watch

Warren Buffett's Berkshire Hathaway swings to loss, stung by battered market

Warren Buffett’s Berkshire Hathaway Inc. swung to a loss in the third quarter as a volatile stock market and losses from insurance underwriting offset gains in its manufacturing, service and retail bu..
Market Watch

Warren Buffett’s Berkshire Hathaway swings to loss, stung by battered market

Warren Buffett’s Berkshire Hathaway Inc. swung to a loss in the third quarter as a volatile stock market and losses from insurance underwriting offset gains in its manufacturing, service and retail bu..
CNBC

Your Saturday UK Briefing: Rate Hike, Housing and Heating

(Bloomberg) — Prime Minister Rishi Sunak is rushing to complete his new budget plan and close what could be a £50 billion hole in public finances. The Bank of England’s biggest rate increase since 19..
CNBC

From Russia with cash: Georgia booms as Russians flee Putin's war

TBILISI — As war chokes Europe, a small nation wedged beneath Russia is enjoying an unexpected economic boom. Georgia is on course to become one of the world’s fastest-growing economies this year fol..

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Intersting Reads
ABC News

Germany answers Ukraine's plea for tanks, other EU nations expected to contribute

After weeks of hesitation that saw growing impatience among Germany's allies, Chancellor Olaf Scholz has announced his government would provide Ukraine with Leopard 2 battle tanks and approve request…..
ESPN

Mikaela Shiffrin beaten in slalom, has to wait for record 86th win

SPINDLERUV MLYN, Czech Republic -- Mikaela Shiffrin will have to wait for at least five more weeks before tying the World Cup record for most career wins with 86. The American skier finished second …..
Recode

The Department of Justice sues Google for antitrust violations over its ads, again

The Justice Department and eight states are suing Google over its digital ad business, accusing the company of using its dominance in the market to harm competitors and force ad buyers and sellers to…..