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The U.S. housing market has gotten so expensive, in fact, that Andy Walden, vice president of enterprise research for ICE Mortgage Technology, calculated that U.S. incomes would have to increase a ...
At the same time, while price growth has cooled markedly, prices still remain high. Nationally, home prices increased year-over-year by 11.4%, according to Corelogic data. That's provided ...
FILE - A home with a "Sold" sign is shown, Sunday, May 2, 2021, in Surfside, Fla. Homebuyers are regaining leverage at the negotiating table as the housing market slows, new data from Redfin shows.
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
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Mortgage applications declined 5.2% for the week ending May 31, with adjustments accounting for the Memorial Day holiday, signaling a continued cooling in the housing market.Amid a backdrop of ...
The S&P 500 peaked for the year at 4,796 on its January 3, 2022 close, before declining 25% to its low for the year in October 2022. [11] [12] In the first 6 months of 2022, the S&P 500 fell 21%, the worst 6-month start to a year since 1970. [13] [14] On September 13, 2022, the S&P 500 declined by 4.32% in its largest single-day drop since June ...
Lennar reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode.Lennar said this week new home orders dipped 15% year-over-year in the fourth ...