GMA

Rising Mortgage Rates Make Home Buying More Difficult

16 days ago

According to the latest report, mortgage rates in the U.S. continued to climb, reaching 7.85%, the highest level in 23 years. This increase is occurring amid high inflation rates and potential expectations of further interest rate hikes by the Federal Reserve (Fed). Experts are looking at the future of the housing market with great concern, as such rates make home buying less accessible for most Americans.

Mortgage Rates Continue to Climb, Reaching New Heights

1 month ago

Latest data shows that mortgage rates in the United States continue to rise, reaching new levels not seen in recent years. According to a report released this week, the average rate for 30-year fixed mortgages has climbed to 7.59%. This increase is part of a broader trend observed in the economy, linked with the rising base interest rates set by the Federal Reserve.

Tariffs on Imports: A Major Factor in the Shaky Housing Market

2 months ago

In recent months, the American housing market has faced a number of challenges, including soaring interest rates, reduced housing availability, and declining home prices. However, new economic conditions and tariffs on construction materials may exacerbate the situation even further. Analysts note that the imposition of tariffs could significantly influence the instability of the housing market and lead it to a new level of uncertainty.

Genesis GV60 Magma: New Electric Crossover with Stunning Performance

2 months ago

In the world of electric vehicles, the attention of experts and car enthusiasts has been drawn to the new Genesis GV60 Magma, which was captured on video during road testing. This crossover competes in size and class with models like the Porsche Taycan, highlighting its high performance and prestige.

Ford Unveils Mustang Mach-E Prototype for NASCAR

3 months ago

Ford has announced the development of a new electric vehicle prototype, the Mustang Mach-E, which will participate in NASCAR races. This event marks a significant step for the automotive manufacturer, eager to integrate electric technologies into the world of motorsports. The prototype was unveiled during a special event where Ford showcased the potential of its new development.

Decline in Existing Home Sales Amid Market Changes

3 months ago

In recent months, there has been a noticeable decline in existing home sales in the United States, hitting the lowest level in nearly 30 years. Specifically, August 2023 saw a further drop in sales measured on an annual basis, tracking a worsening market condition.

First Steps to Home Buying: The Best Cities for New Buyers in 2025

3 months ago

In 2025, the real estate market will present a unique opportunity for first-time homebuyers. Experts predict that as housing becomes more affordable and interest rates decline, certain cities will become particularly attractive for these buyers. Several key factors have been highlighted that will make these cities especially appealing.

Consumer Price Index Inflation in November 2024: Details and Outlook

5 months ago

In November 2024, the Consumer Price Index (CPI) in the United States rose by 0.4% compared to the previous month and by 3.2% year-over-year. This data, provided by the Bureau of Labor Statistics, met economists’ expectations, who forecasted a monthly increase of 0.4% and annual growth of 3.2%. The main factors contributing to this growth were increases in housing, food, and energy prices. This rise is part of the overall inflationary trend observed in the country in recent months.

Housing Market Forecast for 2025: Which Cities Will Rise to the Top?

5 months ago

According to a new forecast by a research company, among over 400 real estate brands in the United States, the leading cities in the housing market dynamics for 2025 are set to be revealed soon. Specifically, the research authors analyzed data on price growth, housing affordability, and demand for real estate to determine which cities will be at the height of popularity among buyers.

GMA T.50s Undergoes Testing in British Hatchback

5 months ago

Recently, it has been revealed that one of the most anticipated supercars of the future, the GMA T.50s, is actively undergoing testing on the roads of the United Kingdom. This vehicle has been developed by the world-renowned engineer Gordon Murray, who previously worked on the legendary McLaren F1. This supercar promises to be a true masterpiece in its class and has already caught the attention of automotive enthusiasts.