Mark Zandi, chief economist at Moody’s Analytics, arrived two months ago Fortune with a bold call: the US housing market, he said, was entering a “housing correction”. At the time, some in the real estate industry rejected it. How fast things change. Now, many of the biggest names in real estate have adopted Zandi’s “housing … Read more
CORAL GABLES, Fla., August 10, 2021 / PRNewswire / – For busy, health-conscious and highly demanding consumers seeking the ultimate in convenience and luxury, Life Time Coral Gables, opening today, will transform healthy living as we know it. Conceptualized by Life Time, the nation’s leading healthy lifestyle brand, the more than $ 500 milliona 14-story, … Read more
The Federal Reserve has a simple fight against inflation playbook. It works like this: Continue to apply upward pressure on interest rates until business and consumer spending across the economy weakens and inflation falls. Historically speaking, the Fed’s fight against inflation playbook has always hit the US housing market particularly hard. When it comes to … Read more
Hopes that the Federal Reserve may be less aggressive in raising borrowing costs than previously feared have quickly rippled across markets over the past week. Stocks rose as bond yields fell. And it abruptly stopped the dollar’s rage. The DXY dollar index, which reached a 20-year high above 108.5 in July, is now close to … Read more
In June 2012, at 34 and after 13 years of working in investment banking, I wanted to leave. So I decided to negotiate a liquidation, retire early and live on passive income through my rental properties, stock dividends and e-book sales. But just a year later, I realized that the life of travel and recreation … Read more
What will happen in the real estate market this year? Getty Images When will house price growth really slow down? Will mortgage rates continue to rise? What do i need to know if i am looking to buy a home now? These are all questions we hear from readers, colleagues, and others, so we’ve asked … Read more
It is finally happening. After rising 40% from pre-pandemic levels in the biggest boom in decades, house prices peaked in June and started to drop in July. This is the extraordinary and sudden change revealed in a new set of data just introduced by the American Enterprise Institute’s Housing Center, a leading source of city-by-city … Read more
Homebuyers had had enough. Rising mortgage rates plus record appreciation in home prices, up 42% since the start of the pandemic, has pushed monthly mortgage payments to a level simply unattainable for tens of millions of would-be buyers. As more and more buyers take a rain check, the correction in the housing market only becomes … Read more
Twitter Inc. revised its large San Francisco office footprint for downsizing Wednesday and canceled the opening of an office in Oakland, Calif., One person with first-hand knowledge of the matter said. The move blurs the future of the social media site’s elegant San Francisco headquarters, a 1.1 million-square-foot trophy office complex at 1355 Market Street, … Read more
