Housing

Home sales surged in October, just before mortgage rates jumped

TodayIndiaTimes10 hours ago05 mins

A home with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Pfost | Newsday | Getty Images A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted,…

Bajaj Housing IPO buzz boosts affordable housing financiers’ stocks

TodayIndiaTimes3 months ago010 mins

“Some of these affordable housing companies saw a good run-up in their stock prices because there was an emphasis on rural housing schemes in the budget,” Dhaval Gada, fund manager at DSP Mutual Fund, told Mint“The buzz around Bajaj (Housing Finance’s) IPO has also caused some sharp movement in their prices, particularly for the more…