The effects of the war in Iran have raised mortgage rates and lowered consumer confidence, making it even harder for house hunters.
Category: Real Estate and Housing (Residential)
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First-Time Home Buyers Are Staying on the Sidelines as Costs Rise
The New York Times – Business: -
Retirees Expect Their Home to Be a Financial Safety Net. They Shouldn’t.
The New York Times – Business:Older homeowners often don’t see the value of, or can’t afford to, maintain and renovate their homes of many years. And that can mean thousands lost when they sell.
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The Return for These Investors Isn’t Money, It’s More Affordable Housing
The New York Times – Business:Local governments are trying to create housing that is permanently affordable by investing directly in construction. They are rewriting how housing programs have traditionally operated.
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A 22,000-Home Community Is Being Built in a 5,000-Person Town
The New York Times – Business:Chatham Park, a master-planned community in Pittsboro, N.C., is expected to expand the town to 60,000 people when completed.
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Congress May Finally Recognize That Mobile Homes Aren’t Really That Mobile
The New York Times – Business:An obscure federal rule requires manufactured homes to be built on a chassis, making them more costly. A bill in Congress would remove the mandate, enacted five decades ago.
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You Have Some Options for Dealing With Rising Property Taxes
The New York Times – Business:The average bill rose 3 percent last year, in part because of higher tax rates. There are ways to try to reduce what you owe, experts say.
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China’s G.D.P. Stronger Than Expected, Led by Infrastructure Spending
The New York Times – Business:A steep slide in housing prices has left consumers less prosperous and less willing to spend, but the government is pouring money into new rail lines and other projects.
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America’s Furniture Stores Struggle to Survive a Frozen Housing Market
The New York Times – Business:Retailers are going bankrupt and liquidating as record-low housing turnover leaves fewer customers looking to furnish homes.
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Mortgage Rates Climb for 5th Week as Iran War Weighs on U.S. Housing Market
The New York Times – Business:The average rate on a 30-year mortgage in the United States jumped to 6.46 percent, making it harder for buyers to afford homes.
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Mortgage Rates Jump Again as Iran War Effects Ripple Through Housing Market
The New York Times – Business:The average rate on a 30-year mortgage in the United States hit 6.38 percent, the fourth increase since the war began.
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Senate Housing Bill Sparks Debate About Who Gets to Own Single-Family Homes
The New York Times – Business:Within the Senate’s housing bill lie the terms of an unusual debate: Who gets to own — and live in — single-family homes?