Source: Insider — Investors are retreating from pandemic boomtowns like Phoenix, Arizona and Las Vegas, Nevada as home prices continue to fall in those markets, according to a new analysis from real estate brokerage Redfin. Overall, investors purchased $42.4...
Source: CNN — A much-feared correction in US home prices is underway. While this may feel like déjà vu, the drivers behind the recent spike in prices and the current housing market downturn are different from the ones seen in the 2000s. This time around, the US...
Source: Yahoo! Finance — When a buttoned-up Fed economist says the U.S. housing market has entered into a “difficult [housing correction”], it’d be wise to believe them. When it comes from the lips of Fed Chair Jerome Powell, it’s more...
Source: Forbes — Key Takeaways Housing sales have fallen for the ninth consecutive month, with transactions down 28.4% compared to this time last year. Average prices have also come down, hitting $379,100 compared to $413,800 in June. It comes as mortgage rates...
Source: New York Post — The US housing market experienced its most significant slump since the Great Recession in October as surging mortgage rates crushed demand, real estate firm Redfin said in a monthly report this week. The number of pending home sales...
Illinois Gov. Pritzker: Don’t Blame Me for High Property Taxes
