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The housing market recession could be bottoming out. What does it mean for home prices?

The housing market recession could be bottoming out. What does it mean for home prices?

by Third Party | Jan 26, 2023 | Industry Updates, U.S. Housing Market

Source: Fortune —  Fed Chair Jerome Powell made it crystal clear last summer: Spiking mortgage rates would help to “reset” the U.S. housing market, which had turned into a buyer’s nightmare during the pandemic. Of course, spiking mortgage rates wouldn’t...
US housing affordability hell ‘can’t beat’ the Florida heat

US housing affordability hell ‘can’t beat’ the Florida heat

by Third Party | Jan 26, 2023 | Real Estate News, U.S. Housing Market

Source: Fox Business —  With rising mortgage rates and home prices staring homeowners down in 2023, Sun Belt residents are expressing their gratitude for making the historic exodus when they did. “The people are nice, you can’t beat the weather and...
30-year fixed mortgage rates still ‘keeping some people away’ from buying a house: Realtor

30-year fixed mortgage rates still ‘keeping some people away’ from buying a house: Realtor

by Third Party | Jan 25, 2023 | Mortgage Information, News/Current Events

Source: Yahoo! News —  Kinloch Partners Co-Founder and CEO Bruce McNeilage joins Yahoo Finance Live to discuss the continued impact of mortgage rates on homebuying trends, housing concessions, and rising housing markets to watch in 2023. Video Transcript [AUDIO...
Supercore Inflation Excludes Food, Energy And Housing

Supercore Inflation Excludes Food, Energy And Housing

by Third Party | Jan 25, 2023 | Industry Updates, News/Current Events

Source: Forbes —  Key takeaways Supercore inflation purposefully ignores highly volatile areas of the economy, like housing, food and energy, to give a clearer picture of inflation Food inflation increased 10.4% year-over-year in December, while energy inflation...
Auto, real estate businesses targeted by Facebook Marketplace change to online listings

Auto, real estate businesses targeted by Facebook Marketplace change to online listings

by Third Party | Jan 25, 2023 | Industry Updates, Real Estate News

Source: Springfield News-Leader —  Brad Sims is the owner of S&A Motorsports, a used auto dealership in Springfield. He sells between 10 to 15 vehicles a month, with the majority of his sales coming from listings he makes on Facebook Marketplace. Sims said...
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