Source: Fortune — The U.S. entered into its first housing downturn of the post–Great Financial Crisis era. And the worst still awaits. On Tuesday, researchers at Goldman Sachs released a paper titled “The Housing Downturn: Further to Fall.” The investment bank...
Source: US News — WASHINGTON (AP) — Average long-term U.S. mortgage rates rose to their highest level in two months this week, providing no relief for a slumping housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 5.66%...
Source: ABC 7 — LONG ISLAND (WABC) — Three Long Island real estate brokerages have agreed to pay a $115,000 settlement over claims of illegal housing discrimination, New York Attorney General Letitia James and Governor Kathy Hochul announced Tuesday. The...
Source: RE Journals — Each year, Midwest Real Estate News elects a new class to its Commercial Real Estate Hall of Fame. Here’s a look at one of our new inductees, Eteri Zaslavsky, managing director of Next Realty in Skokie, Illinois. Eteri Zaslavsky, managing...
Source: CNBC — Home sellers are getting nervous, as the once hot housing market cools fast. One in five sellers in August dropped their asking price, according to Realtor.com. A year ago that share was just 11%. The average home sold for less than its list...
Hits and Misses for the Real Estate Week of April 6-10
