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More of Your Paycheck Is Going to Pay Rent. Which Cities Are Keeping Pace?

More of Your Paycheck Is Going to Pay Rent. Which Cities Are Keeping Pace?

by Third Party | Dec 2, 2022 | Real Estate News, U.S. Housing Market

Source: The New York Times —  With skyrocketing rents, landlords aren’t just taking more of your cash — they’re spending more of your time. The typical full-time employee in the United States worked nearly 63 hours in October to pay an average rent of $2,040 —...
Home Prices Drop for Third Straight Month as US Market Cools

Home Prices Drop for Third Straight Month as US Market Cools

by Third Party | Dec 2, 2022 | Current News & Events, U.S. Housing Market

Source: Bloomberg —  The US housing market pulled back even more in September, with prices slipping 1.2% from a month earlier. It was the third straight decline for the seasonally adjusted measure of prices in 20 large US cities, according to the S&P...
Housing Market Decline: Home Prices Continued Three-Month Decrease In September

Housing Market Decline: Home Prices Continued Three-Month Decrease In September

by Third Party | Dec 2, 2022 | Current News & Events, U.S. Housing Market

Source: Forbes —  TOPLINE Home prices continued to decline for the third-straight month in September, according to data released Tuesday, after the housing market reported its largest deceleration ever in August.       KEY FACTS Home prices declined by 1.2%...
Bank of America CEO predicts two years of pain ahead in the housing market

Bank of America CEO predicts two years of pain ahead in the housing market

by Third Party | Dec 2, 2022 | Real Estate News, U.S. Housing Market

Source: CNN Business —  New YorkCNN Business —  The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession will be brief and “mild.” Bank of America (BAC) CEO Brian Moynihan said in...
U.S. single-family home prices slow again in September

U.S. single-family home prices slow again in September

by Third Party | Dec 1, 2022 | Mortgage Information, U.S. Housing Market

Source: CNBC —  U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday. The S&P CoreLogic Case Shiller national home price index dropped 0.8% month-over-month in September....
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