Tag: Lawrence Yun
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Bond yields are climbing. Here’s what that means for mortgages and other consumer borrowing
Long-term government bond yields have risen sharply in recent days. Higher bond yields push consumer borrowing costs up, sometimes immediately.
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Foreigners are buying fewer U.S. properties, but luxury homebuilders still draw them in
Foreign buyers are pulling back sharply from U.S. residential real estate, in part due to a pullback among workers that would qualify for H-1B visas.
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Homebuyer affordability slipped for fifth straight month, real estate index shows
With both home prices and mortgage rates climbing since earlier this year, affording a home has become harder, according to a housing affordability index.
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Here’s why the housing market is hurting so much this summer
Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment.
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June home sales disappoint as prices reach an all-time high
Home sales dropped in June month over month as mortgage rates remain stubbornly high. Prices hit an all-time high.
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Home sales surged in May to the highest level since December
Home sales rebounded in May as mortgage rates dropped back a bit in April, but prices are still rising.
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