Published by CNBC | September 21, 2022 Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors That is the slowest sales pace since May 2020, when activity stalled very briefly due to the start of the …
Existing Home Sales Fall in August, and Prices Soften Significantly Read More »
Published by Breitbart News | September 19, 2022 Builder sentiment fell for the ninth straight month in September as rising interest rates, supply chain disruptions, and high home price weighed on affordability. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Monday fell three points to 46. Anything below 50 indicates that …
Published by FOX Business | September 16, 2022 Housing markets in the New York City and Chicago areas, in particular, were most vulnerable New Jersey, Illinois and inland California have the highest concentrations of the housing markets that are most vulnerable in an economic downturn due to high unemployment rates and low affordability, according to a …
These Housing Markets Are The Most Vulnerable In Recession Read More »
Published by FOX Business | September 13, 2022 One lumber distributor is paying over six times as much for plywood compared to three years ago Issaquah Cedar and Lumber, located just outside of Seattle, gets wood shipped in from Canada. During the COVID-19 pandemic, however, suppliers struggled with staffing shortages and stopped taking orders. With less supply, …
Supply Chain Issues Plaguing Lumber Distributors, Home Improvement Companies Read More »
Published by FOX Business | September 12, 2022 IRS: Most late-filing refunds will be issued by the end of September The Internal Revenue Service is sending refunds to more than a million Americans who filed their taxes late in the early days of the COVID-19 pandemic – but time is running out for taxpayers to collect …
IRS Refunding $1.2B in Late-Filing Penalties; Here’s How to Collect Read More »
Published by FOX Business | August 23, 2022 Rent prices across the country have been taking a significant bite out of consumer budgets with some renters getting hit particularly hard over the past year. Pamela Liebman, president and CEO of The Corcoran Group, discussed the real estate market on Tuesday, stressing that the sticker shock for rents …
High Mortgage Rates Are Driving People to Rentals, Tightening Supply Read More »
Published by REALTOR.com | August 9, 2022 Just as sellers are slowly learning to downshift expectations and buyers are collectively hoping for a break, there are still places across the country seeing huge year-over-year increases in median home list prices—some well over 30% Navigating the U.S. housing market in summer 2022 is seeming a bit …
Published by Forbes.com | August 4, 2022 The prospect of a big drop in home prices is becoming more and more likely. Burned by a hot housing market, some frustrated home buyers may have hoped that sky-high listing prices are finally coming down to earth. Well, they are – sort of. It just depends on …
Why Some Housing Markets Seem To Be Cooling Down While Others Heat Up Read More »
Published by FOX Business | August 4, 2022 The National Association of Home Builders CEO argues ‘we are in a recession’ National Association of Home Builders CEO Jerry Howard recently warned that the United States is currently in a housing affordability “crisis” caused by a supply shortage. Speaking on “Varney & Co.” on August 3rd, …
Housing Industry Insider Warns U.S. is in a Housing Affordability ‘Crisis’ Read More »
Published by REALTOR.com | July 25, 2022 The parts of the country seeing the steepest price cuts tend to be those that attracted lots of interest from out-of-state buyers and prices surged the most, far out of reach of many local would-be buyers. Sellers who watched as their neighbors’ homes—ones with kitchens and bathrooms that …
10 Cities Where Sellers Are Slashing Home Prices the Most Read More »
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