The housing market has been on a steady rise, with homeowners now collectively holding over $32 trillion in home equity as of the first quarter of 2024. This is a significant milestone that showcases the financial power that homeowners now possess. However, this surge in housing prices has not come without its challenges, and homeowners
Real Estate
The property market in Dubai is experiencing unprecedented growth, with 2024 poised to be another record-breaking year in terms of sales figures and property values. Local real estate firms are noting a significant increase in demand, particularly in the luxury segment, which is driving up prices across the city. It is expected that the United
The disconnect between the overall health of the economy and people’s personal financial outlook has been a topic of discussion among economists for quite some time now. However, recent evidence suggests that this prolonged period of negative sentiment, known as the “vibecession,” might finally be coming to an end. Michael Pearce, deputy chief U.S. economist
The property market in China continues to face challenges, as noted by Standard Chartered CEO Bill Winters. Winters highlighted the difficult investing environment in China, pointing out that consumer confidence and international investor confidence remain relatively low. The underlying source of confidence issues seems to be the property market, which has not yet fully bottomed
Renowned economist Joseph Stiglitz, a Nobel Prize winner, believes that the Federal Reserve should implement a half-point interest rate cut at the upcoming meeting. Stiglitz has openly criticized the central bank for its tightening monetary policy, stating that they have gone “too far, too fast,” further exacerbating the inflation problem. As investors eagerly await the
The real estate market is experiencing a shift as the supply of homes for sale is steadily increasing. Data from Realtor.com shows that active listings in August were up 36% compared to the previous year, marking the 10th consecutive month of annual growth. Despite this surge in supply, inventory remains 26% lower than pre-pandemic levels
The real estate market in London is experiencing a significant shift as landlords are choosing to sell their buy-to-let properties at record rates. This trend is driven by anticipated tax hikes from the U.K. Labour government, which are putting increased pressure on what was once considered a lucrative investment sector. The implications of these tax
In a surprising turn of events, mortgage demand has seen a significant shift towards refinancing as interest rates continue to decline. Data from the Mortgage Bankers Association revealed that total mortgage application volume only rose by 1.6% last week, with the bulk of the increase coming from refinancing applications. This marks the fifth consecutive week