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Starter Home Prices Are Soaring and Luxury Is in a Slump—What’s Going On?

Starter Home Prices Are Soaring and Luxury Is in a Slump—What’s Going On?

by Third Party | Jan 25, 2023 | Real Estate News, U.S. Housing Market

Source: Realtor.com —  For those navigating America’s residential real estate market, it’s lately felt a bit like an out-of-control cargo train, ever threatening to veer off the tracks—stomach-churning price accelerations followed by interest rate hikes slamming...
Market confidence rising among home builders

Market confidence rising among home builders

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

Source: Bankrate —  Confidence in the housing market is still fairly low among U.S. home builders, but it’s on the rise. According to the most recent National Association of Home Builders/Wells Fargo Housing Market Index, released January 18, builder confidence...
Goldman Sachs says 4 US cities will suffer a 2008 crash in home values

Goldman Sachs says 4 US cities will suffer a 2008 crash in home values

by Third Party | Jan 25, 2023 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: Fox Business —  Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices. The firm wrote to clients earlier this month that it predicts four U.S. cities will suffer the most...
‘A real estate bottom?’ More homebuyers jump back in as the year kicks off

‘A real estate bottom?’ More homebuyers jump back in as the year kicks off

by Third Party | Jan 25, 2023 | News/Current Events, Real Estate News

Source: Yahoo! News —  Real estate agents confirm what housing data is starting to show: More homebuyers are emerging from their self-imposed hibernation. The volume of mortgage applications for home purchases rose 25% week over week, the Mortgage Bankers...
With mortgage rates dropping and fee changes in the pipeline, now may be the time to buy that home

With mortgage rates dropping and fee changes in the pipeline, now may be the time to buy that home

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

Source: CNBC —  The average rate for a 30-year mortgage dropped to 6.15% last week — the lowest in 18 weeks. This dip in rates provides welcomed relief for many potential homebuyers who’ve put their dreams on pause thanks to high mortgage interest rates, which...
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