real_estate

Sharp Drop in U.S. Mortgage Rates: Largest Decline Since Mid-September

3 months ago

This week, mortgage rates in the United States saw a significant drop, recording the largest weekly decline since mid-September. According to reports, the average rate for a 30-year fixed mortgage fell to 7.57%, which is down 0.32% from the previous week. This development has become a crucial event in the market, considering that high interest rates had previously made it difficult for homebuyers.

Potent Collaboration: DuPont Registry and Fortune International Launch Luxury Tower by Pininfarina

4 months ago

A recent collaboration between DuPont Registry and Fortune International Group has led to the exciting announcement of a new luxury skyscraper being built in Miami. The project, to be named Pininfarina Tower, is the result of a partnership aimed at creating a unique space that combines modern design technology with an upscale lifestyle.

Mortgage Rates Surge at the Start of 2025: Approaching 7%

5 months ago

At the beginning of 2025, mortgage rates in the United States continue to rise, nearing the threshold of 7%. Economists and experts warn that this trend could negatively impact the real estate market and housing affordability for buyers. As of the first week of January 2025, the average rate for a 30-year fixed mortgage reached 6.93%, marking the highest level since the end of 2023.

Housing Supply Jumps to Four-Year High, But It’s Not All Good News

5 months ago

Recent data has shown that housing supply in the United States has risen to its highest level in four years. This increase comes amid broader economic changes and a growing interest in home purchases. However, experts warn that this situation may have some negative consequences.

Rising Mortgage Rates: What to Expect in December 2024?

5 months ago

Recent studies indicate that mortgage rates in the United States continue to climb, raising concerns among potential homebuyers. As of December 26, 2024, the average rate for a 30-year fixed mortgage has reached 7.45%, marking a significant increase compared to previous months. Experts note that such high rates may severely limit housing affordability for many families, particularly those planning to buy homes before winter.

Porsche Design Tower in Miami Faces Sinking Issues

6 months ago

Recent studies have revealed that the Porsche Design Tower, located in Miami, is experiencing serious issues related to sinking and flooding. According to local authorities and experts, the luxury residential building, known for its upscale apartments and high-end design, has begun to show signs of instability, which raises significant concerns among owners. Once a magnet for wealthy buyers, the tower, built just a few years ago, is now at risk of substantial damage.

Rising Mortgage Rates at the Start of November 2024: What Awaits Home Buyers?

7 months ago

At the beginning of November 2024, mortgage rates continue to show an upward trend, impacting the housing market. According to the latest data, the average rate for a 30-year fixed mortgage has reached a new record. Experts attribute this increase to rising yields on government bonds and changes in the Federal Reserve's monetary policy.

Surge in Multifamily Housing Completions in the US Signals Positive Outlook for Renters

8 months ago

Recently, the US housing market has seen a significant increase in the completion of multifamily residential complexes. This trend promises positive changes for renters, as an increase in the supply of apartments could lead to a decrease in rental prices. Analysts note that such data could change the dynamics of the rental market across the country.

US Housing Starts Surge to Fastest Pace Since April

8 months ago

Recently, there has been a noticeable increase in the number of housing starts in the United States. Amid a trend of real estate market recovery, August recorded the fastest rate of construction growth since April of this year. According to the latest data, the adjusted rate of housing starts in August stood at 1.63 million units on an annual basis. This figure is 12.5% higher than July's numbers and 9.3% above August of the previous year.

Hope for the Recovery of the U.S. Housing Market After a Difficult Season

9 months ago

The U.S. housing market has experienced one of its most challenging seasons in recent years; however, many experts believe that recovery is on the horizon, especially with the approach of spring. A gradual increase in economic activity, along with a rise in mortgage applications, instills optimism. This is linked to several factors, including a gradual decline in mortgage rates and increased housing accessibility for buyers.