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Housing Market Update: Asking Prices Come Down from All-Time High

Housing Market Update: Asking Prices Come Down from All-Time High

by Third Party | Jul 3, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Redfin —  More and more, home sellers are ceding to the mounting pressure on affordability posed by this month’s rapid mortgage-rate hike. The median asking price of newly listed homes is down 1.5% from the all-time high it reached in the spring, and a...
Coming Baby Boomer Mortality Rates to Have Minimal Impact on U.S. Housing Supply, Prices

Coming Baby Boomer Mortality Rates to Have Minimal Impact on U.S. Housing Supply, Prices

by Third Party | Jul 3, 2022 | News/Current Events, Real Estate News

Source: World Property Journal —  According to new research by the Mortgage Bankers Association’s Research Institute for Housing America, more than 4 million existing-homes for sale annually over the next decade will come from the aging and mortality of...
As rates rise and expectations shift, more sellers dropping asking prices

As rates rise and expectations shift, more sellers dropping asking prices

by Third Party | Jul 3, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Scotsman Guide —  With affordability hovering around all-time lows and buyer activity on the decline, more and more home sellers are recalibrating their expectations and adjusting their asking prices, according to a new report from Redfin. The median...
Real estate, rents continue to climb as housing crunch continues

Real estate, rents continue to climb as housing crunch continues

by Third Party | Jul 2, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: AZPM —  Housing of all types has gotten pricier in Tucson since the COVID-19 pandemic. On the real estate market, home prices have gone up 50 percent in the past two years, while rents have gone up by a third. “You’re seeing a lot of people...
Biggest Winners and Losers in a Housing Market Crash, According to Experts

Biggest Winners and Losers in a Housing Market Crash, According to Experts

by Third Party | Jul 2, 2022 | News/Current Events, Real Estate News

Source: Newsweek —  Soaring home prices, rising mortgage rates, a 40-year inflation high and other factors are fueling concerns that the U.S. housing market could crash. While some experts have doubts about whether such a crash would match the severity...
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