homebuying

Mortgage Rates in the US Hit Record High: What Consequences Will This Have for the Housing Market?

3 months ago

As of February 6, 2024, the average mortgage rates in the United States skyrocketed to a record 7.85%. This increase serves as a signal for borrowers, confirming previously predicted trends by economists. Such changes in market conditions raise concerns among potential homebuyers and the housing market at large.

Decline in Existing Home Sales Amid Market Changes

4 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.

Mortgage Market Developments: Rising Rates in January 2025

4 months ago

According to the latest data published on January 16, 2025, mortgage rates continue to rise, creating challenges for potential homebuyers and renters. The real estate market remains tense, prompting real estate agencies and economists to reassess their forecasts for the upcoming months. Rates for 30-year fixed-rate mortgages have reached their highest levels in several years, which may lead to a decrease in demand for residential properties.

Mortgage Rates on the Rise: What to Expect in December 2024?

5 months ago

According to recent data published on December 19, 2024, mortgage rates in the United States continue to remain elevated. Analysts note that recent changes in economic policy, along with fluctuations in financial markets, have significantly impacted the cost of borrowing for those looking to purchase a home.

Housing Crisis: Homebuyers Face Price Surge and Supply Crunch Ahead of 2024 Elections

8 months ago

Amid the upcoming 2024 elections, the housing market in the U.S. is under pressure, causing homebuyers to suffer from a significant increase in prices and a lack of housing supply. Recently, there has been a notable rise in home prices, driven by limited inventory and high interest rates, making access to residential property difficult for buyers.

UK Housing Market Rebounds: Bank of England Rate Cut Spurs Demand

8 months ago

Recent data from the Royal Institution of Chartered Surveyors (RICS) indicates that the UK housing market has begun to gain momentum following the recent cut in interest rates by the Bank of England. This decision has significantly altered the market landscape, and many experts predict that housing prices could continue to rise in the coming months.