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Real estate market in Austin dominated by international buyers, says new report

Real estate market in Austin dominated by international buyers, says new report

by Third Party | Nov 17, 2022 | News/Current Events, Real Estate News

Source: Fox 7 News —  AUSTIN, Texas – The Austin real estate market has been very hot over the last couple of years, and that’s especially true when it comes to international home buyers.  A new report showing more and more people from around the...
Economic recession or not, the housing market recession is here

Economic recession or not, the housing market recession is here

by Third Party | Nov 17, 2022 | News/Current Events, U.S. Housing Market

Source: firsttuesday Journal —  Earlier in 2022, an economic recession seemed inevitable by year’s end. Two consecutive quarters of negative gross domestic product (GDP) — typically the main indicator of a U.S. recession — along with the bear market experienced...
Mortgage lenders expect the housing market to worsen in 2023

Mortgage lenders expect the housing market to worsen in 2023

by Third Party | Nov 17, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: firsttuesday Journal —  Following record lender profits in 2021, 2022 has mortgage lenders packing their bags and heading for the exits. The Mortgage Bankers Association (MBA) believes the U.S. will enter a recession in the first half of 2023. The MBA...
US home prices falling 15% looks “conservative”: KPMG

US home prices falling 15% looks “conservative”: KPMG

by Third Party | Nov 17, 2022 | Mortgage Information, U.S. Housing Market

Source: The Real Deal —  An economist is predicting home prices could decline much more than anticipated as the housing bubble begins to pop. A 15 percent drop in home prices for next year is “very conservative,” KPMG chief economist Diane Swonk told Fortune....
‘No One Wants To Catch a Falling Knife’: What To Expect in the Housing Market for the Rest of 2022

‘No One Wants To Catch a Falling Knife’: What To Expect in the Housing Market for the Rest of 2022

by Third Party | Nov 17, 2022 | Industry Updates, U.S. Housing Market

Source: Realtor.com —  What a difference just a few months can make. As the year comes to a close, the red-hot housing market has been brought to its knees by soaring mortgage interest rates. It now appears to be in a standoff as just about everyone suddenly...
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