A poll revealed that 64% of Americans are concerned about their ability to afford housing, linking it to 'Bidenomics.' Major UK lenders, including HSBC and Barclays, are increasing mortgage rates amid interest rate uncertainty, impacting first-time buyers facing record-high home prices and challenges getting onto the housing ladder. The housing market shows signs of slowing down with flat home prices due to increased inventory and high mortgage rates.
Homebuyer Payment Hits Record High As Mortgage Rates Climb Back Above 7% For The First Time In 2024 https://t.co/M8uLfNsSkn
Britain’s major lenders have started raising mortgage rates in response to speculation that the economy may not benefit from a dramatic cut to interest rates this year ⬇️ https://t.co/jLg7lSr3Cd
Prices for pending home sales reach record high: After a couple weeks of big jumps for mortgage rates, we’re still seeing relatively surprising strength in the housing market. In fact, some measures of home prices are now at their all-time highs, having… https://t.co/U351XPdpT7
Homeowner pain as major banks hike mortgage rates https://t.co/P5Xg1I43zz
How first time buyers are facing the worst time to purchase a home in 70 years: Building societies demand radical changes to help youngsters onto the property ladder https://t.co/DoZsIM3jYO https://t.co/6tFqaAe6W2
From an asking-price perspective, home prices have lost momentum, coming in flat in the latest weekly housing data. This reflects ongoing increases in the number of homes for sale and tempered expectations from sellers amid still-high mortgage rates. https://t.co/N9UavLnc5M https://t.co/DU5IP5KSjc
"The cost of buying a house hit another record high as mortgage rates spike again" #Bidenomics https://t.co/nBxHwmLQxc
Buying your first home is the most expensive it’s been in over 70 years https://t.co/LGUMfkdEr5
An affordable, decent home should be easy for first time buyers. But thanks to a Tory cost of living crisis and the hiking of private rents by over a quarter since 2020, getting onto the housing ladder is now more difficult than ever. https://t.co/PJFvl9Effk
HSBC and Barclays to up mortgage rates as fears of interest rate cut delay grow @CallumCMason reports https://t.co/72fU0Pluwl
Four big lenders hike UK mortgage rates amid interest rate uncertainty NatWest, Accord, Leeds Building Society and HSBC No shit Sherlock https://t.co/XYmSKFWB4e
The Tories are causing real harm to working-people. Austerity, cost-of-living crises and a Kafkaesque housing market. What’s the Tory response? Acquiesce to greedy landlords and nonsense about a “sick note culture”. https://t.co/XO6rGYu9w6
A poll conducted by @FT & @MichiganRoss found that 64% of Americans listed their ability to afford housing as one of their top three concerns. BIDENOMICS = A HOMEBUYER'S WORST NIGHTMARE. https://t.co/pTnienXlYV