Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021

Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents dropped from July to August, and annual growth appears to be slowing down. Read More How much should I tip my housekeeper? My husband says that we should tip … Read more

‘We’re seeing a complete reversal of market conditions in just 12 months’: Rents fell from July to August — the first decline in nearly two years

‘We’re seeing a complete reversal of market conditions in just 12 months’: Rents fell from July to August — the first decline in nearly two years

At last, a glimmer of hope for tenants: asking rents for apartments fell actually between July and August, according to a new Apartments.com analysis — breaking a 20-month growth streak. “We’re seeing a complete reversal of market conditions in just 12 months, going from demand significantly outstripping available units to now new deliveries outpacing lackluster … Read more

Fed Searches for the Magic Number to Cool a Red-Hot US Housing Market

Fed Searches for the Magic Number to Cool a Red-Hot US Housing Market

When the Federal Reserve set out to cool the economy and slow inflation in the past, it counted on the housing market to do much of the work. By raising interest rates, the central bank made mortgages more expensive and trimmed the number of buyers. This time, America’s red-hot housing market threatens to make the … Read more

Toronto lags other big cities on new housing construction: CMHC

Toronto lags other big cities on new housing construction: CMHC

Despite seeing residential construction increase last year, Toronto and other major urban centers aren’t keeping up with population growth, says a new report from Canada’s national housing agency. The report from the Canada Mortgage and Housing Corp. shows residential construction in six large metropolitan areas increased last year over the year prior, with Toronto seeing … Read more