Housing Development Finance Corp. on Wednesday reported a 23% rise in its fiscal first-quarter net profit by controlling its borrowing cost, but the results still reflected the company’s struggles to retain its share in India’s mortgage market. … India’s largest mortgage lender by assets faced stiff competition from State Bank of India, which continued with its special scheme of offering home loans with an 8% interest rate, forcing HDFC to make similar offers.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.
While rent prices are going up, the latest 3% year-over-year increase marks the slowest pace in 18 months, according to a new report from RentCafe.