Renting Exceeds Mortgage Costs in 94% of Spain's Largest Municipalities
A 2024 analysis by UVE Valoraciones reveals that in 94% of Spain's largest municipalities, renting costs exceed mortgage payments, due to a shortage of housing supply; only four municipalities showed higher mortgage payments than rental costs.
Renting Exceeds Mortgage Costs in 94% of Spain's Largest Municipalities
A 2024 analysis by UVE Valoraciones reveals that in 94% of Spain's largest municipalities, renting costs exceed mortgage payments, due to a shortage of housing supply; only four municipalities showed higher mortgage payments than rental costs.
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48% Bias Score
US Existing Home Sales Plunge to Near 30-Year Low
US existing home sales in 2024 hit a near three-decade low of 4.06 million due to record-high home prices ($407,500 median) and elevated mortgage rates (peaking at 7.22%), although December saw a slight increase, and experts predict continued challenges in 2025.
US Existing Home Sales Plunge to Near 30-Year Low
US existing home sales in 2024 hit a near three-decade low of 4.06 million due to record-high home prices ($407,500 median) and elevated mortgage rates (peaking at 7.22%), although December saw a slight increase, and experts predict continued challenges in 2025.
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40% Bias Score
UK Housing Market Sees Record Seller Increase and Price Jump
Since Boxing Day, a record number of new sellers entered the UK housing market, resulting in a 1.7% average price increase to £366,189 and an 11% rise in sales agreed compared to the previous year, driven by falling interest rates, despite affordability concerns.
UK Housing Market Sees Record Seller Increase and Price Jump
Since Boxing Day, a record number of new sellers entered the UK housing market, resulting in a 1.7% average price increase to £366,189 and an 11% rise in sales agreed compared to the previous year, driven by falling interest rates, despite affordability concerns.
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36% Bias Score
Inflation Rise Pushes Mortgage Rates Higher
US inflation rose to 2.9% annually in December, exceeding forecasts and impacting borrowing costs, potentially affecting the Federal Reserve's approach to future rate cuts and further increasing mortgage rates which currently average 7.01% for a 30 year fixed rate mortgage.
Inflation Rise Pushes Mortgage Rates Higher
US inflation rose to 2.9% annually in December, exceeding forecasts and impacting borrowing costs, potentially affecting the Federal Reserve's approach to future rate cuts and further increasing mortgage rates which currently average 7.01% for a 30 year fixed rate mortgage.
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40% Bias Score
Oxford Economics Predicts Sharp Drop in UK Interest Rates by 2027
Oxford Economics forecasts UK interest rates to fall to 2.5% by late 2027, contrasting sharply with the 3.75% market consensus, due to anticipated demographic impacts and a reassessment of inflation; this could significantly lower mortgage rates eventually, although lenders' responses remain uncerta...
Oxford Economics Predicts Sharp Drop in UK Interest Rates by 2027
Oxford Economics forecasts UK interest rates to fall to 2.5% by late 2027, contrasting sharply with the 3.75% market consensus, due to anticipated demographic impacts and a reassessment of inflation; this could significantly lower mortgage rates eventually, although lenders' responses remain uncerta...
Progress
36% Bias Score
Mortgage Rates Hit Highest Point Since July 2024, Causing Application Volume to Plummet
Mortgage application volume fell 3.7% last week due to a fourth consecutive weekly rise in rates, reaching 6.99% for a 30-year fixed-rate mortgage—the highest since July 2024; purchase applications dropped 7% weekly and 15% yearly, while refinance applications rose 2% weekly but fell 6% yearly.
Mortgage Rates Hit Highest Point Since July 2024, Causing Application Volume to Plummet
Mortgage application volume fell 3.7% last week due to a fourth consecutive weekly rise in rates, reaching 6.99% for a 30-year fixed-rate mortgage—the highest since July 2024; purchase applications dropped 7% weekly and 15% yearly, while refinance applications rose 2% weekly but fell 6% yearly.
Progress
36% Bias Score
US Existing Home Sales Plunge to Near Three-Decade Low in 2024
US existing home sales in 2024 fell to 4.06 million, the lowest since 1995, driven by high home prices (median $407,500) and mortgage rates (peaking at 7.22%), despite a slight December rise; a housing shortage of 3.7 million units and the 'lock-in effect' further constrain the market.
US Existing Home Sales Plunge to Near Three-Decade Low in 2024
US existing home sales in 2024 fell to 4.06 million, the lowest since 1995, driven by high home prices (median $407,500) and mortgage rates (peaking at 7.22%), despite a slight December rise; a housing shortage of 3.7 million units and the 'lock-in effect' further constrain the market.
Progress
48% Bias Score
UK Under-45s' Rent Payments Hit Record High
Data shows that under-45s in Britain paid a record £56.2 billion in rent in 2023-24, a 59% increase over the past decade and 66% of the national total, driven by rising rents and reduced homeownership opportunities due to higher mortgage rates and the ending of the Help to Buy scheme.
UK Under-45s' Rent Payments Hit Record High
Data shows that under-45s in Britain paid a record £56.2 billion in rent in 2023-24, a 59% increase over the past decade and 66% of the national total, driven by rising rents and reduced homeownership opportunities due to higher mortgage rates and the ending of the Help to Buy scheme.
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44% Bias Score
UK House Prices Surge, But Record Listings May Temper Growth
UK house asking prices saw a 1.7 percent jump (£5,992) in the month to January 11th, reaching £366,189 on average, the highest January increase since 2020; however, this is still below May 2024's record, and a record number of new properties on the market may slow future price growth.
UK House Prices Surge, But Record Listings May Temper Growth
UK house asking prices saw a 1.7 percent jump (£5,992) in the month to January 11th, reaching £366,189 on average, the highest January increase since 2020; however, this is still below May 2024's record, and a record number of new properties on the market may slow future price growth.
Progress
40% Bias Score
Florida Housing Market Slowdown: High Interest Rates and Hurricanes Stall Sales
Florida's housing market is slowing significantly, with homes remaining on the market far longer than usual in December 2024 due to high interest rates and three major hurricanes that caused widespread damage and increased insurance costs.
Florida Housing Market Slowdown: High Interest Rates and Hurricanes Stall Sales
Florida's housing market is slowing significantly, with homes remaining on the market far longer than usual in December 2024 due to high interest rates and three major hurricanes that caused widespread damage and increased insurance costs.
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44% Bias Score
Bond Market Sell-Off Raises Concerns About Mortgages, Pensions, and Savings
The bond market sell-off is causing concern about rising borrowing costs, potentially affecting mortgages, while impacting pensions differently depending on the investor's age and investments, and savings rates will depend on future Bank of England base rate decisions and inflation.
Bond Market Sell-Off Raises Concerns About Mortgages, Pensions, and Savings
The bond market sell-off is causing concern about rising borrowing costs, potentially affecting mortgages, while impacting pensions differently depending on the investor's age and investments, and savings rates will depend on future Bank of England base rate decisions and inflation.
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32% Bias Score
Securing Lower Mortgage Rates in 2025: Proactive Strategies for Homebuyers
Rising mortgage interest rates are impacting homebuyers in 2025; however, proactive strategies such as improving credit scores, increasing down payments, and comparing loan terms can help secure lower rates, despite the Federal Reserve's planned rate cuts.
Securing Lower Mortgage Rates in 2025: Proactive Strategies for Homebuyers
Rising mortgage interest rates are impacting homebuyers in 2025; however, proactive strategies such as improving credit scores, increasing down payments, and comparing loan terms can help secure lower rates, despite the Federal Reserve's planned rate cuts.
Progress
36% Bias Score