In the midst of ongoing economic fluctuations, the sentiment in the home improvement sector remains surprisingly optimistic, particularly about major players like Home Depot. A recent survey conducted by Morgan Stanley, involving both general contractors and specialist painters, sheds light on their outlook. They see signs of stability in the market, which is an encouraging
Real Estate
Mortgage rates have held steady recently, but don’t let the stability fool you. The landscape of homebuying is shifting dramatically, and not for the better. Data reveals that mortgage applications for home purchases dropped by 4% last week alone, a fleeting indication of rising concern among potential buyers regarding future economic stability. With the Mortgage
The European real estate market is startlingly awake. After enduring years of stagnation, it’s experiencing a significant resurgence, with investment volumes surging by an astonishing 25% over the past year. The latest findings from commercial property giant CBRE reveal that the first quarter of 2025 alone saw an investment increase of 6% yearly, totaling around
As we step into what is typically heralded as the vibrant spring housing market, the reality we’re confronted with is downright grim. Recent reports indicate that sales of previously owned homes stumbled by 5.9% in March, landing at a mere 4.02 million units on an annualized basis, according to the National Association of Realtors (NAR).
As we navigate through the tumultuous landscape of today’s economy, one cannot ignore the stark reality that higher interest rates are suffocating potential homebuyers. Just last week, mortgage application volume witnessed a staggering 12.7% decline, as reported by the Mortgage Bankers Association. This significant drop isn’t just a number; it marks a critical juncture in
As the financial world grapples with unprecedented volatility, marked by the Dow Jones Industrial Average’s recent plummet of over 4,000 points in just a matter of days, a staggering figure is capturing attention within the luxurious confines of Manhattan. The unveiling of a $110 million penthouse atop the Steinway Tower is not just a real
In a time when the American dream of homeownership feels teetering on the edge, the recent surge in mortgage rates to their highest since February has painted a bleak picture for prospective homeowners. The Mortgage Bankers Association (MBA) reported a staggering 8.5% decline in the total volume of mortgage applications last week. This stat serves
In an economic landscape filled with uncertainty, the recent spike in mortgage rates to a daunting 7.1% has sent shockwaves through the housing market. This increase, reported by Mortgage News Daily, is the highest we’ve seen since mid-February and underscores the volatile connection between mortgage rates and broader economic conditions. With a mere 13 basis
The economics of the housing market are often considered barometers of overall economic health, but this winter, those indicators are flashing red. Mortgage rates are surging as investors hastily offload U.S. Treasury bonds, creating a ripple effect that is likely to impact anyone looking to secure a mortgage. As the yields on the 10-year Treasury
The housing market has recently found itself in turbulent waters, navigating an unpredictable landscape marked by rising mortgage rates that have reached their highest level in over a month. The latest surge in average rates—evidenced by the leap to 6.85% on the 30-year fixed mortgage—arises as a considerable disappointment for potential homebuyers hoping for a