mortgage
Washington (AFP) - The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans -- in turn putting pressure on smaller banks. "There will be bank failures, but this is not the big banks," said US Federal Reserve Chair Jerome Powell on Thursday. In San Francisco, Washington and even New York, offices have been seeing half the number of people as before the pandemic, with white-collar workers reluctant to return to commuting. Office vacancy rates across the country have risen to 13.5 percent in 20...
AFP
Washington (AFP) - US households have continued to take on more debt, in part to deal with soaring prices, a report showed Tuesday, while cases of borrowers unable to pay loans are creeping up in a troubling sign of things to come. Facing the biggest surge in inflation in more than four decades, which is squeezing families trying to make ends meet, the New York Federal Reserve Bank's latest report shows credit card balances in the April-June quarter surged by the most in 20 years. Total household debt posted a two percent increase in the latest three months, and is now $2 trillion more than th...
AFP
Silver Spring (United States) (AFP) - Home for sale. To become the proud owner, simply make a quick offer, and outbid all interested buyers by $100,000. In the red-hot US housing market, homebuyers are facing sticker-shock as prices have soared, and now they also have been hit with a surge in borrowing rates. "I've visited approximately 150 houses since 2019," frustrated homebuyer Liz Stone told AFP. She has been looking for a house in the suburbs of Washington for three years, and has submitted four offers, each above the asking price -- up to $100,000 more. All were rejected. In the region ...
AFP
Washington (AFP) - Mortgage rates are finally ticking up in the United States, one year after the Federal Reserve cut its lending rate to boost the economy as the Covid-19 pandemic arrived, but that's not expected to cool the hot housing market. While the wider US economy has struggled after states restricted business to stop Covid-19, real estate was one of the few bright spots in 2020, boosted both by low mortgage rates and the shift towards remote work caused by the pandemic. "We've seen mortgage rates move higher in the past month or so," Joel Kan of the Mortgage Bankers Association told A...
AFP
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら