US home equity reached $18 trillion for the first time, with underwater mortgages falling. Texas and Florida show the highest negative equity, though overall equity is strong. Rising interest rates may moderate future gains.
Rocket Companies reported a strong Q2 with $2.78B net income, driven by record market share in purchases and refinances. Successful partnerships and acquisitions like Redfin contribute to long-term earnings power.
UK property sales face significant delays, averaging 154 days due to high conveyancer caseloads and unrealistic pricing. London sees 244-day waits, while some regions complete sales faster. Early legal preparation is advised to expedite the process.
Sea-view homes remain highly desirable, commanding substantial buyer premiums. While the South East shows the highest asking prices, growth is slower. Frinton-on-Sea has the second-highest premium, and Yorkshire and the Humber leads in strong price development for coastal properties.
US housing market cools due to unchanged Fed rates, summer seasonality, and economic headwinds. Declining sales, lower mortgage applications, and rising energy costs signal a slowdown. Inventory shows early signs of increase.
