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 »
Published by FOX Business | July 27, 2022 The survey found stabilizing mortgage rates and increases in for-sale inventory The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey found mortgage applications fell 1.8% for the week ending July 22, 2022, from the previous week. The decrease was the fourth week in a row as home purchase …
Published by CNBC | July 20, 2022 Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year. The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting …
Published by Attom Data | July 14, 2022 U.S. Foreclosure Starts up 219 Percent in First Six Months of 2022; 96 Percent of Major Metro Areas Saw an Annual Increase in Foreclosure Filings; Foreclosure Rates Highest in Illinois, New Jersey, and Ohio ATTOM, a leading curator of real estate data nationwide for land and property data, today released its …
Increased Foreclosure Activity in First Six Months of 2022 Approaches Pre-Covid Levels Read More »
Published by Breitbart News | July 18, 2022 According to a recent Primerica study, 77 percent of middle-income families are preparing for a recession with nearly three-quarters cutting back on spending. The key piece of data we were waiting on today is the National Association of Home Builders index (NAHB), which reflects how home builders are feeling. …
Breitbart: Homebuilder Sentiment, Apple Report Send Shudders Through Economy Read More »
Published by FOX Business | July 15, 2022 The U.S. homes deficit doubled from 1.65 million to 3.8 million between 2012 and 2019 Up For Growth, a non-profit committed to solving the United States’ housing shortage, is sounding the alarm on the nation’s underproduction of homes. According to a study released by the organization on July 14, the …
U.S. Housing Market’s Underproduction Crisis Getting Worse, New Analysis Finds Read More »
Published by FOX Business | July 14, 2022 The average for a 30-year fixed-rate loan is now at 5.51%, up 2.88% from a year ago U.S. mortgage rates are up again after two straight weeks of declines, as the cost of homeownership continues to price would-be buyers out of the housing market. That’s causing some …
Published by FOX Business | July 12, 2022 Higher mortgage rates, inflation contributing to cancellations Approximately 600,000 home purchase agreements fell through in June, according to a new analysis by Redfin. The figure is equivalent to 14.9% of homes that went under contract during the month, an increase from 12.7% in May and 11.2% a year …
Home Sale Cancellations Hit Highest Rate Since Start of Pandemic Read More »
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