Sage Investment Club

‘The U.S. housing market is crumbling under the weight of higher mortgage rates and rock-bottom affordability’: Prices fell the most in these U.S. states

Americans are finding it hard to afford homes at mortgage levels now beyond 7%, according to some measures. Home prices have begun to reflect that. As mortgage rates rose in the last quarter of 2022, Americans found the cost of homeownership increasingly challenging, adding hundreds of dollars in interest to their potential monthly mortgage payment. […]

Mortgage demand falls 9% despite rates falling for fourth week in a row

The numbers: The housing market is not out of the woods yet, as mortgage demand fell again despite an improvement in rates. Despite mortgage rates dropping for the fourth consecutive week, mortgage demand fell 9% in the latest week. Demand for both purchases and refinancing fell. That pushed the market composite index down, a measure […]

I’m 65, retired and have a $2,000 pension. Should I sell my rental properties?

Dear MarketWatch, I’m a 65-year-old married man in Southern California. I retired about 5 years ago, and have very little in pension payments of about $2,000 from my old job, without any medical benefits. But I have rental income from about a dozen single-family homes that I collected during my professional career as a civil […]

Where is Monterey Park and what does the shooting mean to Asian-Americans?

The mass shooting in Monterey Park, Calif., stunned the Asian-American community.  Not only because the shooting happened on Lunar New Year’s Eve, but also because it happened in Monterey Park, a predominantly Asian city that holds a special place in the Asian-American landscape.  On Saturday night, a gunman opened fire at a party inside the… […]