Existing Home Sales Fall Amid Skyrocketing Prices and High Mortgage Rates
Prices hit a record high for April, putting homes out of reach for many would-be buyers.

Prices hit a record high for April, putting homes out of reach for many would-be buyers.

The New York Times admits that mass immigration is “a core tenet of neoliberalism,” deeply opposed by the nation’s working class who are most impacted by the continuous inflow of millions of foreign workers willing to work for lower wages.

Home builder sentiment unexpectedly turned negative in May as high rates and new regulations hit the sector.

The strength of the housing market suggests that a lack of housing supply, high levels of immigration, and increased demand from remote work may mean interest rates need to go higher to reduce inflation.

For the first time ever, the expectation to own a home among younger Americans fell below 50 percent.

Sales of new homes jumped 8.8 percent to a seasonally adjusted annual rate of 693,000 in March, the highest rate of sales since September of last year. Economists had expected a rate of 670,000. The numbers are reported at an

Prices for luxury homes in the United States have reached a record high, rising nearly nine percent in the first quarter of 2024, twice as much as the prices of non-luxury homes.

Many renters in the United States worry that they will never be able to buy a home, citing a lack of affordability, according to a recent survey.

Inflation under Joe Biden has sent the costs of maintaining a household soaring. Rent, electricity, and garbage collection prices are all up.

London’s population has reportedly soared to a record high mostly due to migration, further straining the housing market and social services.

The fourth consecutive monthly gain pushed the homebuilder sentiment index into positive territory for the first time since last year.

How restrictive can monetary policy really be if home prices climbed for an 11th month to an all-time high?

Law enforcement arrested a large group of New York City Housing Authority (NYCHA) workers and contractors on Tuesday regarding a corruption case.

Researchers say that in 2022, a record half of renters in the United States used a massive chunk of their income for rent and utilities.

Maine’s taxpayers are footing the bill for new apartments built specifically for newly arrived border crossers and illegal aliens who will have at least two years’ worth of rent paid for.

South Korea on Sunday announced more aggressive measures to stave off the worst population crisis in the world, boosting child care subsidies into a “monthly salary for parents” and raising the already sizable cash bonus for childbirth, plus more paid family leave and subsidized mortgages for the parents of newborn children.

On Wednesday’s “CNN News Central,” co-host Kate Bolduan remarked that “2023 was a tough year for the economy” and it was “even tougher for the housing market.” And CNN Business Correspondent Rahel Solomon stated that while mortgage rates will decline in

On Wednesday’s broadcast of “CNN This Morning,” White House National Economic Council Director Lael Brainard argued that the economy is better off than it was before, but home affordability challenges are still “very great,” and that people are also upset

On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” Treasury Secretary Janet Yellen said that housing and rental prices went up due to changes in living and working during the pandemic and that “If you’re in the middle of a

President Joe Biden’s Catch and Release network at the border is displacing American military families, Sen. Joni Ernst (R-IA) says.

Americans looked past soaring interest rates to buy new homes at a stunning pace in September. The Commerce Department said new home sales rose 12.3 percent from the prior month to an annual rate of 759,000 in September, far more

During an interview with ABC News on Friday, Rep. Haley Stevens (D-MI) stated that striking auto workers are concerned about whether they can afford to buy homes because “Housing prices are high right now. Interest rates are at a uniquely

Sales have dropped to near all-time lows.

All three of the major indexes of home prices hit new record highs in July.

Sentiment declined for a second consecutive month in September.

Wall Street thought sales would fall by 0.5 percent. Instead, they rose 0.9 percent.

The rapid rise in mortgage rates has pushed many owners of existing homes out of the market, giving a boost to home builders and the market for new homes.

What if we had a housing recovery and no one showed up?

The rapid rise of interest rates after years of ultra-low rate mortgages has paralyzed the housing market.

On Friday’s broadcast of “CNN This Morning,” co-host Phil Mattingly and CNN International host Julia Chatterley discussed the surge in mortgage rates and said that the skyrocketing mortgage rates have contributed to “the worst affordability crisis in housing that we’ve

“Without significantly slowing down the population growth driven by sky-high net migration, the housing crisis will never be resolved.”

Sales cam in much lower than expected.

Home prices are down the most on a year-over-year basis since 2012.

President Joe Biden’s flood of legal and illegal migrants is inflating the costs that ordinary Americans and their grown children must pay for housing, according to the Wall Street Journal.

It’s not exactly a self-evident truth, but it is a data-evident truth: the U.S. housing market is recovering.

New single-family home construction spending rose 1.7 percent, giving more support to the idea that the housing market may have bottomed earlier this year and begun to recover.

New York City Mayor Eric Adams compared an 84-year-old woman who escaped the Holocaust to a “plantation” owner after she complained about rising rents at a town hall meeting in the Washington Heights neighborhood Wednesday.

The Labour Party is reportedly planning to force landowners to sell their land at cut rate prices in order to facilitate more home building.

The Tory government’s policy of mass migration is placing an “unbearable” strain on the housing market, Migration Watch UK has said.

The gains in April were driven by single-family construction in the West and multifamily construction around the country.
