Monthly Archives: November 2022

New home sales rose in October, boosted by more expensive homes

New home sales rose in October from the previous month, driven by sales of more expensive homes, offering some relief to a housing market that has been rattled by rapidly doubling mortgage rates. New home sales rose 7.5% in October from September to a seasonally adjusted annual rate of 632,000, the Commerce Department said Wednesday. […]

Japanese Mitsubishi UFJ to buy two Asian units from Home Credit for $620m – source

TOKYO, Nov 23 (Reuters) – Japan’s Mitsubishi UFJ Financial Group Inc. (8306.T) is considering buying the Philippine and Indonesian units of Dutch consumer finance company Home Credit Group BV for about 600 million euros ($619 million), a person familiar with the matter said on Wednesday. The deal comes as Japan’s biggest lender aims to bolster […]

Home Sales Plunge, Investors Also Pull Back, Prices Drop 8.4% in 4 Months, Active Listings and Price Drops Increase Further

Sellers struggle with denial: at the “right price” a house will sell, but the “right” is where the buyers are, and they are much lower. By Wolf Richter for WOLF STREET. Sales of all types of previously owned homes – houses, condos and co-ops – fell 5.9% in October from September, the ninth straight month […]

US Existing Home Sales Fall in October; prices still high – World

WASHINGTON: Existing home sales in the United States fell for a ninth consecutive month in October as the 30-year fixed mortgage rate hit a 20-year high and prices remained high, putting homeownership on the property beyond the reach of many Americans. Sales of existing homes fell 5.9% to a seasonally adjusted annual rate of 4.43 […]

Have the happiest of holidays with Home Credit’s great 0% interest festival

Filipinos’ most anticipated season is just around the corner, signaling the best time of the year to give and share. Get ready to fill your hearts with your most wanted items for you and your loved ones and embark on the most exciting shopping season of the year! You want something for your monitors and […]

Have the happiest of holidays with Home Credit’s great 0% interest festival

Home Credit brand ambassador Moira dela Torre in the big 0% interest festival poster THE most anticipated season for Filipinos is fast approaching, marking the best time of the year to give and share. Get ready to fill your hearts with your most wanted items for you and your loved ones and embark on the […]

It’s donation season with the big festival at 0% mortgage interest

Singer Moira dela Torre is Home Credit’s ambassador for its big 0% interest festival. “It’s starting to look a lot like Christmas…” as the famous Christmas song goes. In Baguio, you can feel it in the early morning and evening breeze. And we all know what this season means to us Filipinos: it’s the season […]

Have the happiest of holidays with Home Credit’s great 0% interest festival

Get your most wanted items at 0% interest rates with home equity at nearly 10,000 stores nationwide! Manila, Philippines. November 11, 2022 — Filipinos’ most anticipated season is just around the corner, signaling the best time of the year to give and share. Get ready to fill your hearts with your most wanted items for […]

New home sales are down – and buyers who want one might now have an advantage

Image source: Getty Images Given the U.S. housing market has been sorely short of inventory since the end of 2020, you’d think buyers would be clamoring to buy homes. But in fact, the demand for new construction seems to be waning. New home sales fell 10.9% in September from August. And new construction sales were […]