Source: New York Post — The US housing market is in the midst of a significant pullback, with cooling conditions that have contributed to a spike in home sale cancellation rates, according to the top boss at real estate firm RedFin. RedFin CEO Glenn Kelman...
Source: Forbes — Key Takeaways: A housing market recession occurs when home sales decline for six months straight, which officially happened in July 2022. Two main forces are driving the housing market recession: increasing interest rates and increasing...
Source: The Guardian — Q I know every lender is different but how long does my husband need to be in his new job before we can apply for a mortgage? We only need a £50,000 mortgage as we are buying my childhood home from my parents. How do we go about us buying...
Source: Inman — The phrase “housing recession” has exploded in popularity, according to an analysis of search terms. But pinning down what it means and where it originated is surprisingly difficult, experts told Inman. Read...
Source: The Week — The “booming housing market is stalling out,” said David Harrison and Nicole Friedman in The Wall Street Journal. Trapped between near-record prices and soaring mortgage rates, buyers are pulling back. In July, figures released...
Hits and Misses for the Real Estate Week of April 6-10
