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The Latest Breaking News from Thomas Ryan

Falling home prices are raising the risk of a deeper correction as the housing market cracks under high mortgage rates

The latest Case-Shiller home price report showed a 0.3% monthly fall in the 20-city index in April, steeper than March's downwardly revised 0.2% dip.

Fortune

The anticipation of a Trump win is sending mortgage rates soaring. Top economists say scorching inflation is very likely to go with it

Rising inflation is what pickled the housing world in the first place.

Fortune

The Fed cut doesn’t mean mortgage rates will suddenly fall. But lower rates are coming

Buyers, sellers, and refinancers can benefit from how much rates have dropped already, off the expectation that the Fed would deliver an interest rate cut this month—and it did.

Fortune

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Mortgage rates are getting closer to the magic number

This week, the average 30-year fixed mortgage rate fell to 6.46%.

Fortune

Other Women by Emma Flint review – a gripping dissection of an affair

A love triangle culminates in tragedy in this cleverly constructed thriller, based on real-life events

The Guardian - UK

The latest drop in mortgage rates isn’t enough to bring sellers and buyers off the sidelines

“It seems that borrowing costs would have to fall below 5% to see a full recovery in home buying,” a Capital Economics economist wrote.

Fortune

Sunbelt boomtowns are cooling off, but the sun-soaked region will reclaim its hot status

More than 2 million single-family homes have been built in the South since January 2021, more than four times the number completed in the Northeast, according to a Capital Economics economist.

Fortune

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Home prices just broke another all-time high. But things might be changing as price inflation slows

For the first time in close to a year, the pace of annual home price inflation dipped. Still, home prices and mortgage rates are considerably higher than before the pandemic.

Fortune

The housing market’s pivotal spring selling season is coming to an end—not with a bang, but with a whimper

Capital Economics says “mortgage demand and sales activity won’t recover until rates fall meaningfully below 7%.” The research firm expects that to happen only later this year.

Fortune

The incredible surge in home prices is set to continue in Southern metros

Home price appreciation superiority comes down to stronger employment growth and affordability, according to Capital Economics.

Fortune

Falling mortgage rates don’t mean falling home prices, Capital Economics says, revising its forecast up for the year

The research firm’s property economist, Thomas Ryan, called its house price forecast “well above the consensus,” in a new research note.

Fortune

Fitch Ratings says U.S. homes are ‘overvalued’ by nearly 10%—but homebuyers shouldn’t expect relief anytime soon

"Home prices keep marching higher," NAR’s chief economist Lawrence Yun said in a statement, arguing that "only a dramatic rise in supply will dampen price appreciation."

Fortune

It’s ‘extremely likely’ we’ve seen mortgage rates peak, Capital Economics says, and mortgage demand is starting to recover

Capital Economics projects 7% mortgage rates in the coming weeks.

Fortune

Norfolk care home accused of waking residents with loud music to save money

Staff at Iceni Care Home say vulnerable residents were treated as if they were ‘on a farm’ to reduce workload

The Guardian - UK

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Fortune

The mortgage rate shock hitting the housing market has years left to run, Capital Economics says

In fact, we may never see pandemic-era mortgage rates again, other experts say.

The Guardian - UK

The best recent crime and thriller writing – review roundup

A real-life murder reimagined in interwar England, a gripping pair of mysteries set in Australia and the dark pursuit of a missing girl in London are among this month’s highlights

ABC News

Autism service's success in helping children like Thomas transition to mainstream school

For years, nine-year-old Thomas struggled to regulate his emotions and connect with his peers. But this autism transition program has changed his life.

ABC News

Tasmania's Art Deco, modernist architecture captured by photographer Thomas Ryan

A photographer on a mission to celebrate and protect Tasmanian modernism says there's more to heritage than just sandstone.

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Wales Online

Violence erupts at train station as teens hurl '30 to 40' opened cans at one another and cause hundreds of pounds worth of damage

A pole, a mop and dozens of soft drinks cans were used as weapons

People

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