Real Estate

Last week, the mortgage rates remained relatively stable, mirroring the previous week’s trend of stagnant mortgage demand. This stagnant trend can be attributed to the high costs associated with purchasing a home and the limited supply in the housing market. Prospective buyers are facing financial constraints due to exorbitant costs, while existing homeowners are finding
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The recent report from the Mortgage Bankers Association reveals a concerning trend in the housing market – stagnant mortgage demand. Despite the typically active spring housing market, application volume remained flat last week, dropping 0.7% compared to the previous week. This lack of movement in mortgage demand raises several red flags about the state of
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Recent data shows that the rate at which home prices are growing in the U.S. has slowed down. In February, U.S. home prices increased by 0.6% from the previous month, consistent with the average monthly gain of 0.6% over the past eight years prior to the Covid-19 pandemic. Daryl Fairweather, the chief economist at Redfin,
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China is currently facing a critical decision regarding its economic future. According to the International Monetary Fund’s Managing Director Kristalina Georgieva, the country is at a crossroads where it must choose between sticking to its old economic policies or implementing reforms to stimulate growth. With factors such as low productivity growth and an aging population,
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