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What’s happening with the housing market? Mortgage rates, home prices and affordability

What’s happening with the housing market? Mortgage rates, home prices and affordability

by Third Party | Dec 10, 2022 | Industry Updates, U.S. Housing Market

Source: USA Today —  Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2% the week ending Dec. 2 compared to the previous week. And the...
Here’s how many Americans think US housing market is heading for a ‘crash’

Here’s how many Americans think US housing market is heading for a ‘crash’

by Third Party | Dec 9, 2022 | Industry Updates, U.S. Housing Market

Source: New York Post —  A significant portion of Americans fear the once-booming housing market is headed for a significant crash in the months ahead, recent survey results from LendingTree showed. According to the survey, 41% of Americans expect the housing...
‘We’re Not In A Frenzy Anymore,’ Real Estate Agent Says Amid Home Sellers Pulling Properties Off The Market

‘We’re Not In A Frenzy Anymore,’ Real Estate Agent Says Amid Home Sellers Pulling Properties Off The Market

by Third Party | Dec 9, 2022 | Current News & Events, Real Estate News, U.S. Housing Market

Source: Yahoo! —  According to Redfin Corp (NASDAQ: RDFN) data, a record number of houses are being delisted as sellers confront a significant reduction in interest. During the three months ending Nov. 20, 2% of houses for sale were delisted without being sold,...
The 10 best real estate markets of 2023: Goodbye COVID boomtowns, hello mid-sized markets

The 10 best real estate markets of 2023: Goodbye COVID boomtowns, hello mid-sized markets

by Third Party | Dec 9, 2022 | Real Estate Agent Tools, Real Estate News

Source: USA Today —  After a sudden slowdown in many housing markets this year, will markets that are “slow and steady” shine in 2023? Midsize markets, which saw lower price increases and less of an  affordability crunch than others, are poised to...
US Real Estate Prices Could Plunge 20%, “Severe” Recession Possible : Dallas Fed

US Real Estate Prices Could Plunge 20%, “Severe” Recession Possible : Dallas Fed

by Third Party | Dec 9, 2022 | Real Estate Agent Tools, Real Estate News

Source: Better Dwelling —  US home prices made lofty gains over the pandemic—a bigger run up than the one seen before the Great Recession. It’s going to be difficult to not see a significant chunk of those gains given back to the market, warned the Dallas Fed....
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