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‘Hang in there,’ Utah real estate agents told. What does that mean for buyers and sellers?

‘Hang in there,’ Utah real estate agents told. What does that mean for buyers and sellers?

by Third Party | Jan 16, 2023 | News/Current Events, U.S. Housing Market

Source: The Salt Lake Tribune —  It’s just two weeks into 2023, and Utah real estate agents are already being told to look to 2024 for things to improve. Hundreds of them broke into a slow nervous laugh Friday when one of the state’s top housing economists...
What Is the Cure for Inflation?

What Is the Cure for Inflation?

by Third Party | Jan 16, 2023 | Commercial Real Estate News, Industry Updates

Source: Scotsman Guide —  Commercial mortgage brokers do not have to be economists or experts in monetary policy. But it is essential that a broker has a working knowledge of economics and an understanding of how monetary policy influences the commercial real...
What will 2023 bring to the housing market? Predictions include price drops, ‘terrible consolidation,’ but better buyer balance

What will 2023 bring to the housing market? Predictions include price drops, ‘terrible consolidation,’ but better buyer balance

by Third Party | Jan 15, 2023 | News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Deseret News —  If 2022 was a roller coaster year for the housing market, 2023 is expected to bring a painful but necessary real estate hangover. Nationally, a growing number of experts and firms are predicting U.S. home prices will fall, some expecting...
Mortgage repayments for new buyers now ‘close to pre-2008 levels’

Mortgage repayments for new buyers now ‘close to pre-2008 levels’

by Third Party | Jan 15, 2023 | Industry Updates, Real Estate News, U.S. Housing Market

Source: FT Adviser —  Mortgage repayments now make up nearly 40 per cent of a first-time buyer’s net take-home pay, which high street bank Nationwide has said is “close to the levels seen in the run up to the financial crisis”. Senior economist at the bank,...
Does Rent Go Down During A Recession? What Renters And Real Estate Investors Can Expect

Does Rent Go Down During A Recession? What Renters And Real Estate Investors Can Expect

by Third Party | Jan 15, 2023 | Industry Updates, Mortgage Information

Source: Forbes —  Key Takeaways Just because there’s a recession doesn’t necessarily mean rent prices go down. In fact, during the 2008 recession, it was the exact opposite. In the current rental market, we have seen the rate of increase in rental prices come...
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