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A crash of the US housing market is ‘very unlikely’ even as mortgage rates surge to 14-year highs

by | Sep 17, 2022 | 0 comments

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Source: Business Insider — 

The average 30-year mortgage hit a 14-year high Wednesday, but that surge won’t spark a crash in the US housing market akin to anything seen in 2008, investment strategist Louis Navellier told Insider on Wednesday.

Rates for the popular 30-year fixed mortgage surged above 6% following Tuesday’s hot inflation report and rising market expectations that the Federal Reserve will continue to be aggressive with its interest rate hikes.

But according to Navellier, high levels of home equity will help limit any drawdown in the market.

 

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Zillow CEO, Directors Sued Over Redfin Deal and $81M in Stock Sales

Zillow CEO, Directors Sued Over Redfin Deal and $81M in Stock Sales

by | Sep 11, 2026

A Zillow shareholder has filed a new derivative lawsuit against CEO Jeremy Wacksman and other current and former company leaders over the $100 million Redfin rentals partnership. The complaint alleges Zillow executives and directors failed to disclose antitrust risks and cites more than $81 million in stock sales; the allegations have not been proven. Continue Reading Zillow CEO, Directors Sued Over Redfin Deal and $81M in Stock Sales