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It's been more than a year since Nate Lowenstein started shopping for a home, and he's grown frustrated by the scant number of homes on the market. Like many house hunters in Los Angeles, he also complains sellers are unwilling to budge on prices, emboldened by offers from multiple bidders.
In this Dec. 6, 2016 file photo, a house is for sale in Coral Gables, Fla. Economists predict mortgage rates will continue to climb next year, just one of the trends that suggest 2017 could be a more challenging year for homebuyers.
China stocks continued their fall as the last week of the year kicks off, dragged lower by the property sector amid government efforts to rein in home prices. The Shanghai Composite Index dropped 0.8 percent to 3,085.31 as of 1:03 p.m. local time, heading for its lowest close since October 20. Shanghai Lujiazui Finance & Trade Zone Development Co.
Investigators are looking into whether a car-and-knife attack at Ohio State University that injured 11 people was an act of terror by a Somali-born student who had once criticized the media for its portrayal of... Investigators are looking into whether a car-and-knife attack at Ohio State University that injured 11 people was an act of terror by a student who had once criticized the media for its portrayal of Muslims. Donald Trump's hunt for a secretary of state is veering into dramatic terrain, with the president-elect summoning Mitt Romney back for a second look as a top aide leads a public pressure campaign against the pick.
Mortgage industry observers are still sorting out the election results to determine what, if any, adjustments are needed to expectations for 2017 origination volume. Rising interest rates will trigger a downturn in refinance activity in 2017, while purchase originations will rise, the Mortgage Bankers Association said in its most recent industry forecast.
Even as home-buying activity in Maryland accelerated in the first six months of the year, construction of new houses has remained stubbornly low. Permits in Maryland for single-family homes fell 3 percent year-over-year through June, continuing to hover at less than 6,000 - about half the level of a decade ago.
Just as the country divides itself by championing either Trump or Clinton, so too does it divide itself on how either candidate might affect real estate. Trulia's newest report looks at election data via a Harris Interactive survey asking "how Americans think Secretary Clinton or Mr. Trump might help/hurt home price growth, and how home prices have fared since the recession in counties where our presumptive nominees claimed victory in the primaries."