“From an affordability perspective, this might be the worst time you could buy because mortgage rates have spiked quite a bit,” Chistopher Mayer.
Analysts from BofA cutting their rating on shares of three homebuilders in a note out Thursday as the housing market faces an economic slowdown.
Data this week on new home sales and pending home sales reflected sharp drops from last year and showed the impact higher interest rates.
If you’re worried about the price of, say, your Floridian beachfront property sliding, be thankful it’s not in China.
The investment was announced in a blog post by Marc Andreessen, co-founder and general partner at the venture capital firm.
As soon as mortgage rates rose this spring, the housing market slipped into a housing cool down. The housing correction could soon lose some steam.