The United States is seeing a major price correction in its housing market, with analysts calling it very nearly the largest such shift since the end of World War II roughly 80 years ago.
Pakistan government officials bulldozed the homes and church building of 200 Christian families in Islamabad last month, with no warning or offer of substitute housing, the Christian Post reports.
Existing home sales in the United States fell for the ninth straight month in October as higher mortgage rates kept buyers out of the housing market.
US mortgage rates increased for the 10th consecutive week as of the week ending October 21, reaching the highest level they have been for over 20 years, the Mortgage Bankers Association (MBA) reports. Mortgage applications for the week ending October 21 also decreased by 1.7 percent from a week earlier.
A California court ruled in favor of a Christian baker Friday following a years-long legal battle after she refused to bake a custom cake for a lesbian wedding in 2017, citing her religious beliefs.
Political tensions are rising in the Netherlands after the Dutch government decided to accommodate thousands of migrants on cruise ships.
Inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on households, wiping out pay gains that many have received and ensuring that the Federal Reserve will keep raising interest rates aggressively.
The average interest rate on the most popular U.S. home loan rose to its highest level since 2006 as the housing sector continued to bear the brunt of tightening financial conditions, data from the Mortgage Bankers Association (MBA) showed on Wednesday.
Authorities say a massive wave of Russian missile strikes on cities across Ukraine, including the capital, killed at least 11 people and injured dozens more. Russian President Vladimir Putin confirmed the strikes saying they were in response to an attack on a bridge linking Russia and occupied Crimea and warned of more violence.
Russian missiles hit Ukraine’s capital Kyiv and several other cities across the country, killing at least eight people and injuring many more, authorities and witnesses said.
New data presents evidence of a US housing recession that is even worse than the Great Recession crash of 2008, Investorplace reports.
Sales of new U.S. homes plunged more than expected in July to the lowest level in six years as rising mortgage rates and the relentless increase in home values slowed activity by edging prospective homebuyers out of the market.
