Housing inventory increases as homes stay on the market longer

Housing inventory increases as homes stay on the market longer

ShareShare the article via FacebookShare the article via TwitterShare the article via LinkedInShare the article via email CNBC’s Diana Olick joins ‘Squawk on the Street’ to discuss U.S. home inventories rising as home sales stay on the market longer, data reveals 20% of active home listings experience price reductions and mortgage rate increases add a … Read more

Consumer confidence in housing hits new low, Fannie Mae says

Consumer confidence in housing hits new low, Fannie Mae says

An ‘Open House’ sign is displayed when potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Rising mortgage rates, high home prices and uncertainty in the overall economy are making Americans feel more pessimistic about the state of the housing market. In October, only 16% … Read more

Homeowners have lost $1.5 trillion in equity since May as home prices fall

Homeowners have lost $1.5 trillion in equity since May as home prices fall

A home is waiting for sale at a reduced asking price in Glendale, California. David McNew | Getty Images The historic rise in home prices in the first two years of the pandemic provided homeowners with record volumes of new homes. Since May, however, about $1.5 trillion of that has disappeared, according to Black Knight, … Read more

Housing is the canary in the coal mine, says Tri Pointe Homes CEO Doug Bauer

Housing is the canary in the coal mine, says Tri Pointe Homes CEO Doug Bauer

ShareShare the article via FacebookShare the article via TwitterShare the article via LinkedInShare the article via email Doug Bauer, CEO of Tri Pointe Homes, joins ‘Squawk on the Street’ to discuss sluggish housing demand, housing as a recession indicator and price-to-payment adjustment as costs fall. 05:12 Fri, 4 November 202211:26 a.m. EDT

London’s property market is seeing housing demand halved since the mini-budget

London’s property market is seeing housing demand halved since the mini-budget

D demand for London homes has almost halved since the disastrous mini-budget, when thousands of panicked buyers scrapped plans to buy properties. Latest data from property portal Zoopla shows a 45 per cent drop in the number of people contacting estate agents directly, seen as an accurate measure of market activity. The drop is far … Read more

What the Fed’s fourth rate hike of 0.75 percentage points means for you

What the Fed’s fourth rate hike of 0.75 percentage points means for you

The Federal Reserve on Wednesday raised its benchmark interest rate by 0.75 percentage points for the fourth time in a row, marking an unprecedented pace of rate hikes. The U.S. central bank has raised the benchmark short-term lending rate a total of six times this year, including increases of 75 basis points in June, July … Read more

Wells Fargo mortgage workers prepare for layoffs as U.S. loan volumes collapse

Wells Fargo mortgage workers prepare for layoffs as U.S. loan volumes collapse

Deposit amounts at Wells Fargo slowed further in recent weeks, leaving some workers idle and raising concerns that the lender will have to cut more staff as the U.S. housing slump deepens. The bank had about 18,000 loans in its retail origination pipeline in the early weeks of the fourth quarter, according to people familiar … Read more