The Deputy Governor of the Reserve Bank of Australia (RBA), Michelle Bullockhas spoken at a business lunch organized by the Economic Society of Australia, in Brisbane. Featured Comments will be necessary further rate hikes in coming months. Risks to household financial stability “are a bit high”but are unlikely to be substantial. Risks will be important […]
Tag: Housing
Al. Tsipras: Four-pronged plan to tackle the housing crisis
LAST UPDATE: 21:15 The president of SYRIZA-PS, Alexis Tsipras, launched an attack on the government, calling it a “bankruptcy faction” and blaming it for the energy and housing crisis. Speaking at an event of his party about the housing problem, he said: “With the faction that bankrupted the country, we have very big differences. But […]
Al. Tsipras on the issue of housing: There are ways as long as there is political will
The president of SYRIZA-PS, Alexis Tsipras, develops his proposals on the issue of housing in the country, which is of particular concern to young people, noting that there are ways as long as there is political will. “The great political change that is coming to the country, will bring with it another logic on how […]
The S&P/Case-Shiller home price index rose 20.2% year-on-year in February versus an expected 19.0% rise
According to the last S&P/Case-Shiller house price index published by Standard & Poors (S&P), house prices rose 20.2% yoy in February, above expectations for a 19% increase and above January’s 19.2% yoy increase. The main index showed that house prices increased by 2.4% mom in February, above the expected increase of 1.5% and the increase […]
February pending home sales jump over 9% annually, ahead of coronavirus impact
A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S. Pending home sales, which measure signed contracts on existing homes, rose a stronger-than-expected 2.4% in February compared with January. Sales were up […]
Mortgage rates just hit 8-year low
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images As coronavirus fears send bond yields tumbling, the average rate on the popular 30-year fixed mortgage fell Friday morning to 3.23%, an 8-year low, according to Mortgage News Daily. The 30-year fixed loosely […]
Home prices increase 3.8% in December, per S&P Case-Shiller
A real estate agent readies a house for viewing in Venice, Calif. Anne Cusack | Los Angeles Times | Getty Images The housing market heated up at the end of 2019, and that was reflected in growing gains in home values. In December, home prices rose 3.8% annually on the S&P CoreLogic Case-Shiller National Home […]
Coronavirus fears could push mortgage rates past 4-year low
As coronavirus fears hit financial markets, U.S. bond yields are tanking, pushing mortgage rates that loosely follow the 10-year Treasury yield toward an eight-year low. They could sink even lower. The average rate on the popular 30-year fixed mortgage hit 3.34% on Monday, according to Mortgage News Daily. That is for borrowers with strong financials […]
Weekly mortgage refinance applications jump 15%
Homeowners rushed to take advantage of the sharp drop in interest rates last week. Refinance demand pushed mortgage application volume up 5% for the week to the highest level since 2013, according to the Mortgage Bankers Association’s seasonally adjusted index. Purchase demand, however, dropped. The average contract interest rate for 30-year fixed-rate mortgages with conforming […]
December pending home sales fall a wider-than-expected 4.9%
Pending home sales, which measure signed contracts, not closings, dropped 4.9% in December compared with November, as the supply of homes hit a record low during the month. Sales were projected to rise 1% month to month. December is historically the slowest month of the year in the housing market. Despite the month-to-month drop, though, […]
