Source: Forbes — Key Takeaways Many factors contributed to the rapid rise in home and rent prices over the past few years. Because of the long process from building to selling homes, it takes time for housing inflation to slow. The outlook for 2023 is cloudy,...
Source: WRAL News — The winds have turned on the US housing market. Sellers listed 24% fewer homes in October compared to 2021, according to data from Zillow. Fewer people are buying houses though, sales dropping 17% below the pre-pandemic estimates in 2019....
Source: NPR — Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple — both scientists in the biotech industry — were ready to put roots down in Boston. “We just kind of got to that place in our lives...
Source: The Motley Fool — Mortgage companies are highly unpopular, but is sentiment too negative in the case of this stock? The past year was extraordinarily difficult for companies in the mortgage space. The Fed aggressively hiked interest rates to help get...
Source: Fortune — The Federal Reserve has raised interest rates for the seventh consecutive time this year. This time, though, the hike is smaller: Fed Chairman Jerome Powell announced a half-point increase in the federal funds rate Dec. 14, which is down from...
Hits and Misses for the Real Estate Week of March 23-27
