The United States is grappling with a housing affordability crisis, and the incoming administration of former President Donald Trump has put forth ambitious proposals to tackle this pervasive issue. Central to his strategy is the commitment to increase the construction of new homes by making federal lands available for housing projects—a response to a glaring
Real Estate
In an unexpected shift in the housing market dynamics, mortgage rates experienced a slight decrease last week. This modest change was significant enough to stimulate a surge in mortgage applications, with an impressive 6.3% rise in total demand as reported by the Mortgage Bankers Association’s seasonally adjusted index. The average interest rate on 30-year fixed-rate
In a strategic maneuver, Jim Cramer’s Charitable Trust has opted to liquidate 165 shares of Best Buy, an electronics retail giant, currently trading at approximately $86 each. This adjustment will reduce the portfolio’s stake in Best Buy from 1.9% to about 1.5%, reflecting a careful decision-making process aimed at preserving gains amidst a shifting retail
Recent trends in the mortgage market indicate a notable resilience among potential homebuyers, despite a significant uptick in mortgage rates. According to data from the Mortgage Bankers Association (MBA), overall mortgage application volume saw a modest increase of 1.7% in the last week, reversing a prior stagnation. This increase comes at a time when the
In the world of financial markets, trends can shift unexpectedly, but Mondays often set the tone for the week ahead. This past Monday, the S&P 500 reported a modest gain, extending the momentum from the previous week as it reached all-time highs in the aftermath of the elections. In stark contrast, the Nasdaq — a
Industry experts suggest that the recent stabilization of mortgage rates may signal a more predictable housing market, which generally benefits prospective homebuyers. The average rate for a 30-year fixed mortgage in the United States has experienced a slight decrease to 6.78% for the week ending November 14. This marginal change from 6.79% the previous week
In the wake of recent elections, the mortgage industry finds itself navigating a turbulent landscape marked by fluctuating rates and evolving investor sentiment. As the country adjusts to new leadership under President Trump, economic forecasts are under scrutiny, influencing the mortgage market’s direction. Last week saw an incremental increase in mortgage rates as market participants
In the rapidly shifting world of finance, staying informed and agile is essential for investors. The CNBC Investing Club, spearheaded by Jim Cramer, delivers timely updates through its ‘Homestretch’ segment, which occurs just before the close of Wall Street. This article delves deeper into the underlying market dynamics and provides insights informed by the latest
In recent weeks, mortgage rates have demonstrated a concerning upward trend, marking an increase for four out of the last five weeks. This rise has significant implications for homeowners and potential buyers alike. According to the Mortgage Bankers Association, the latest figures indicate a near stagnation in overall mortgage application volume, with only a slight
Recent analysis from Telsey Advisory Group has sparked optimism regarding Home Depot’s stock performance, leading to an upgrade to a “buy-equivalent outperform” rating. This adjustment is indicative of a proactive approach to potential growth. With the price target raised from $360 to $455 per share—signifying a potential upside of nearly 14%—it’s clear that analysts are