Medias

Gen Zers increasingly fear that homeownership is a hopeless dream

4 days ago   |   By Business Insider

With mortgage rates rising and home prices high, Gen Z worries that they will not be able to score a home in their lifetime. valentinrussanov/Getty Images Gen Z's outlook on homeownership has darkened since 2019 , according to mortgage buyer Freddie Mac. Primary obstacles include student loan debt, down payments and lack of job security. This is exacerbated by high mortgage rates and a dearth of housing supply. For a growing number in Gen Z, the last few years have quashed all hopes of ever being able to afford a home. About 34% of the youngest generational cohort - ages 14 to 25 - don't...
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Homebuyers are losing big deposits because of rising mortgage rates

4 days ago   |   By NPR

Before mortgage rates rose, many people put down big deposits to buy houses that weren't built yet. Now rates have gone from 3% to 7% and they can't afford to buy the homes they agreed to buy.
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Converted Apartments Up 25% from Pre-Pandemic Numbers

4 days ago   |   By RIS Media

With mortgage rates hitting a historical high and more people choosing to rent, adaptive reuse-seen by many as a viable solution to bring new apartments to the market-has jumped 25% compared to pre-pandemic levels, according to a new report from RentCafe released this week. RentCafe's annual Adaptive Reuse Report found that converted apartments are not...
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High mortgage rates send homebuyers scrambling for relief

4 days ago   |   By Chron

LOS ANGELES - Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years.
The trend has driven adjustable-rate mortgages, or ARMs, to the highest usage in over a decade.
A recent snapshot by the Mortgage Bankers Association showed that ARMs accounted for 12.8% of all home loan applications in the week ended Oct. 14. The last time these loans made up a bigger share of all mortgage applications was in the first week of March 2008.
At the start of the year ARMs represented only 3.1% of all mortgage...
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Gazprom to mothball Nord Stream pipelines - Kommersant

Gazprom to mothball Nord Stream pipelines - Kommersant

All four strings will be decompressed and machinery preserved at pumping stations, the news outlet reported Russian energy major Gazprom is planning to shutter the Nord Stream... Read more ...

Rising Inventory Will Be the Housing Market's Next Problem

Unusually low supply has buoyed prices as mortgage rates soar, but a springtime flood of new listings is poised to tip the equilibrium. Read more ...

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Stocks making the biggest moves in the premarket: Apple, Taboola, Biogen and...

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JPMorgan downgrades DraftKings, says other sports betting stocks look more...

It's time for investors to ditch shares of DraftKings, according to JPMorgan. Read more ...

The Nintendo Switch Cyber Monday bundle sale includes a free game plus 3...

When you buy through our links, Insider may earn an affiliate commission. Learn more. The bundle includes Mario Kart 8 Deluxe, one of Switch's best-selling games. Nintendo One... Read more ...

China's leaders will crack down harshly on zero-COVID protesters - so its...

Legendary investor Mark Mobius. Richard Brian/Reuters Chinese markets will fall in the short term in the wake of unrest, legendary investor Mark Mobius said. Public protests... Read more ...

Access to alternative investments have never been easier, but some VCs don't...

Welcome back! Dan DeFrancesco here in New York. Today we've got stories on why Gen Z might be in trouble with its finances , how SBF spent his fortune , and some cool photos of... Read more ...

Niece of Iran's supreme leader speaks out against his 'murderous and...

A still of a video of Farideh Moradkhani decrying Iran's regime, posted to YouTube on an account under her brother's name on November 25, 2022. Mahmoud Moradkhani/YouTube The... Read more ...

Adidas discussed buying the Yeezy name from Kanye West in 2018 to avoid...

Ye, formerly Kanye West, in Paris, France, on October 2, 2022. Stephane Cardinale - Corbis/Corbis via Getty Images Adidas has been worried about Kanye West's relationship... Read more ...