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Search resuls for: "Nicole Friedman"


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☆ U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged
  + stars: | 2023-01-20 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
U.S. existing-home sales fell last year to their lowest level since 2014, as surging mortgage rates made home purchases too expensive for many buyers. Sales of previously owned homes, which make up most of the housing market, slid 17.8% in 2022 from the prior year to 5.03 million, the National Association of Realtors said Friday. On a monthly basis, sales fell 1.5% in December from the prior month to a seasonally adjusted annual rate of 4.02 million, the weakest rate since November 2010. December sales fell 34% from a year earlier.
☆ U.S. Home Sales Post Record 10th Straight Month of Declines
  + stars: | 2022-12-21 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
U.S. existing-home sales slid in November for a 10th straight month, extending a record streak of declines as high mortgage rates and home prices pushed many buyers out of the market. Sales of previously owned homes declined 7.7% in November from the prior month to a seasonally adjusted annual rate of 4.09 million, the weakest rate since May 2020, the National Association of Realtors said Wednesday. November sales fell 35.4% from a year earlier. The streak of declines is the longest on record in data going back to 1999, NAR said.
☆ U.S. Home Sales Dropped 7.7% in November, a Record 10th Straight Month of Declines
  + stars: | 2022-12-21 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
U.S. existing-home sales slid in November for a 10th straight month, extending a record streak of declines as high mortgage rates and home prices pushed many buyers out of the market. Sales of previously owned homes declined 7.7% in November from the prior month to a seasonally adjusted annual rate of 4.09 million, the weakest rate since May 2020, the National Association of Realtors said Wednesday. November sales fell 35.4% from a year earlier. The streak of declines is the longest on record in data going back to 1999, NAR said.
☆ Mortgage Buydowns Are Making a Comeback
  + stars: | 2022-12-18 | by ( Gina Heeb | Nicole Friedman | ) www.wsj.com   time to read: 1 min
Carley Chase bought this home in Chandler, Ariz., using a temporary buydown that would lower her mortgage payment for the first three years. Carley Chase found her dream home in Chandler, Ariz., this summer: a three-bedroom ranch, close to work, with a pool and a backyard lined with palm trees. Soaring interest rates threatened to put it out of reach. Her lender suggested a temporary buydown that would lower her mortgage payment for the first three years.
☆ Why This Housing Downturn Isn’t Like the Last One
  + stars: | 2022-12-17 | by ( Ben Eisen | Nicole Friedman | ) www.wsj.com   time to read: 1 min
The pandemic housing boom is over. The bust will look nothing like the last one. Before the financial crisis of 2008, lenders barely bothered to verify mortgage applicants’ income. Today they demand reams of evidence that borrowers can afford their loans.
☆ What’s Going On With the Housing Market?
  + stars: | 2022-12-08 | by ( Nicole Friedman | Nick Timiraos | ) www.wsj.com   time to read: 1 min
Home sales have plunged. Buyers, facing the fastest-rising mortgage rates in decades, are scrapping their plans. And forecasters have rarely disagreed so much over where the market goes next. By many measures, the housing market entered a sharp slump this summer after the Federal Reserve abruptly ended a real-estate boom fueled by the pandemic and record-low borrowing rates.
☆ What’s Going on With the Housing Market?
  + stars: | 2022-12-07 | by ( Nicole Friedman | Nick Timiraos | ) www.wsj.com   time to read: 1 min
Home sales have plunged. Buyers, facing the fastest-rising mortgage rates in decades, are scrapping their plans. And forecasters have rarely disagreed so much over where the market goes next. By many measures, the housing market entered a sharp slump this summer after the Federal Reserve abruptly ended a real-estate boom fueled by the pandemic and record-low borrowing rates.
☆ In Arizona, Home Builders Fight to Show There’s Enough Water for New Residents
  + stars: | 2022-12-03 | by ( Jim Carlton | Nicole Friedman | Photographs Ash Ponders For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
BUCKEYE, Ariz.—Earth movers were grading the scraped desert in this city 40 miles west of Phoenix one day last month in preparation for construction of the first 1,100 homes in a master-planned community called Teravalis. Developer Howard Hughes Corp. last year spent $600 million to buy 37,000 acres in a valley flanked by two mountain ranges. It plans to build 100,000 homes over the next half-century, along with 55 million square feet of offices and other commercial real estate—the largest such project in state history, according to the developer.
☆ Home Prices Slid in September for Third Straight Month
  + stars: | 2022-11-29 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/home-prices-slid-in-september-for-third-straight-month-11669730446
☆ New-Home Sales Rose in October, Boosted by Higher-Priced Homes
  + stars: | 2022-11-23 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
Sales of newly built homes rose in October from the prior month, led by sales of higher-priced homes, offering a little relief for a housing market that has been clobbered by the rapid doubling of mortgage rates. New-home sales rose 7.5% in October from September to a seasonally adjusted annual rate of 632,000, the Commerce Department said Wednesday. That marked a reversal from the previous month when new-home sales fell about 11% in September from August.
☆ Who Are the Colorado Springs Shooting Victims?
  + stars: | 2022-11-22 | by ( Ginger Adams Otis | Joseph De Avila | Nicole Friedman | ) www.wsj.com   time to read: 1 min
Two bartenders working a popular club on a packed night. A woman originally from Tennessee and a young man out celebrating a birthday with friends. These are the five victims killed and 19 injured in Saturday’s shooting inside Club Q, an LGBT venue in Colorado Springs, Colo. The suspect, Anderson Lee Aldrich , was arrested on murder and hate-crime charges, according to court records. Within minutes of the shooting, people inside the club confronted and restrained Mr. Aldrich, according to police.
☆ Colorado Springs Suspect Had Firearms Despite Violent Threats Made Last Year
  + stars: | 2022-11-21 | by ( Dan Frosch | Nicole Friedman | ) www.wsj.com   time to read: 1 min
Authorities are probing how the suspected gunman in the deadly shooting at an LGBT nightclub in Colorado Springs over the weekend was able to obtain the firearm used in the attack given the man’s troubled history, according to two law-enforcement officials familiar with the matter. Over a year ago, police confiscated firearms from the suspect, 22-year-old Anderson Lee Aldrich , after he held his family hostage at gunpoint, according to the officials. During the June 2021 incident, Mr. Aldrich’s mother told police her son was threatening to hurt her with a homemade bomb, weapons and ammunition, according to an El Paso County Sheriff’s Office account of the incident at the time.
☆ Colorado Springs Suspect Anderson Lee Aldrich Charged with Murder, Hate-Crimes
  + stars: | 2022-11-21 | by ( Dan Frosch | Nicole Friedman | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/colorado-springs-suspect-had-firearms-despite-violent-threats-made-last-year-11669049715
☆ Colorado Springs LGBT Nightclub Shooting Leaves Five Dead and 25 Injured
  + stars: | 2022-11-20 | by ( Ginger Adams Otis | Nicole Friedman | Dan Frosch | ) www.wsj.com   time to read: 1 min
Five people were killed and 25 injured when a gunman opened fire inside an LGBT nightclub late Saturday in Colorado Springs, Colo., police said. The suspect entered the venue, Club Q, just before midnight and immediately began shooting, Colorado Springs Chief of Police Adrian Vasquez said at a press conference Sunday.
☆ Colorado Springs LGBT Nightclub Shooting Leaves Five Dead and 18 Injured
  + stars: | 2022-11-20 | by ( Ginger Adams Otis | Nicole Friedman | Dan Frosch | ) www.wsj.com   time to read: 1 min
Five people were killed and 18 injured when a gunman opened fire inside an LGBT nightclub late Saturday in Colorado Springs, Colo., police said. The suspect entered the venue, Club Q, just before midnight and immediately began shooting, Colorado Springs Chief of Police Adrian Vasquez said at a press conference Sunday.
☆ U.S. Home Sales Fell for Ninth Straight Month in October
  + stars: | 2022-11-18 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
U.S. existing home sales fell for a ninth straight month in October as the highest mortgage rates in more than a decade pushed buyers out of the market. Sales of previously owned homes declined 5.9% in October from the prior month to a seasonally adjusted annual rate of 4.43 million, the weakest rate since May 2020, the National Association of Realtors said Friday. October sales fell 28.4% from a year earlier. The streak of declines is the longest on record, NAR said.
☆ Home-Price Growth Slows Under Tide of Rising Mortgage Rates
  + stars: | 2022-11-10 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
U.S. home-price growth slowed sharply in the third quarter, the National Association of Realtors said Thursday, as home-buying affordability remained near its lowest level in decades. Nationwide, the median sales price of an existing single-family home last quarter was up 8.6% from a year earlier to $398,500, according to NAR, a slowdown from the second quarter’s 14.2% pace.
☆ Home Buyers Are Moving Farther Away Than Ever Before
  + stars: | 2022-11-03 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
The rise of remote work and the ballooning cost of housing in major metro areas are leading Americans to move much farther away when buying a home. Buyers who purchased homes in the year ended in June moved a median of 50 miles from their previous residences, according to a National Association of Realtors survey released Thursday. That distance is the highest on record in annual data going back to 2005 and follows five straight years in which the median distance moved was constant at 15 miles, NAR said.
☆ New-Home Sales Fell Nearly 11% in September Amid Rising Interest Rates
  + stars: | 2022-10-26 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
Sales of newly built homes dropped sharply in September from the previous month, the latest sign that rising interest rates are causing an abrupt slowdown in the housing market. New-home sales fell 10.9% in September from August to a seasonally adjusted annual rate of 603,000, the Commerce Department said Wednesday. From a year earlier, new-home sales fell 17.6%.
☆ Home-Price Growth Slowed in August
  + stars: | 2022-10-25 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/home-price-growth-slowed-in-august-11666702621
☆ Home Prices Fell in August in Biggest Monthly Decrease Since 2011
  + stars: | 2022-10-25 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
Home prices posted their biggest month-on-month decline in more than a decade in August as rising mortgage rates weighed on home-buying demand. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, fell 1.1% in August from July, the second straight month-over-month decline. The August decline was also the biggest month-on-month decrease since December 2011.
☆ Builders Say They’re Ready for This Housing Slowdown. ‘I’ve Learned My Lesson.’
  + stars: | 2022-10-24 | by ( Nicole Friedman | Photographs Mikayla Whitmore For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
NORTH LAS VEGAS, Nev.—A year ago, business was booming for Touchstone Living Inc. The Nevada builder had a list of 639 qualified buyers who wanted homes in its development about 15 miles north of the Las Vegas Strip. Today, that list has shriveled to about 30. Many would-be buyers are unable to qualify for loans since mortgage rates have surged to 6.94%, their highest level since 2002 and more than double the rate of a year ago.
☆ U.S. Home Sales Dropped for Eighth Straight Month in September
  + stars: | 2022-10-20 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
U.S. existing home sales fell for an eighth straight month in September as rising mortgage rates made home purchases less affordable. Sales of previously owned homes declined 1.5% in September from the prior month to a seasonally adjusted annual rate of 4.71 million, the weakest rate since May 2020, the National Association of Realtors said Thursday. September sales fell 23.8% from a year earlier.
☆ U.S. Home Sales Drop for Eighth Straight Month in September
  + stars: | 2022-10-20 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
U.S. existing home sales fell for an eighth straight month in September, the longest streak of declines in 15 years, as the once-booming housing market becomes a bigger drag on the U.S. economy. Sales of previously owned homes declined 1.5% in September from the prior month to a seasonally adjusted annual rate of 4.71 million, the weakest rate since May 2020, the National Association of Realtors said Thursday.
☆ Home-Price Growth Slowed in July
  + stars: | 2022-09-27 | by ( Nicole Friedman | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/home-price-growth-slowed-in-july-11664283601
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