Source: Realty Biz News — Existing home sales declined again in May, falling by 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to new data from the National Association of Realtors. On a yearly basis, existing home sales were...
Source: Realtor — May was a mixed bag for renters. On one hand, rental prices across the nation hit a new record high—for the 15th month in a row, according to a recent Realtor.com® report. Rents climbed 15.5% annually in May, to hit a median of $1,849 in the...
Source: Redfin — An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers’ budgets and homebuying sentiment drops. Price drops are especially common in mid-sized metros in the West–particularly in...
Source: Oregon Live — Prospective homebuyers are rapidly being pushed out of the housing markets, largely by mortgage interest rates that have doubled in the past six months. Numbers published Tuesday by the Oregon Office of Economic Analysis showed that...
Source: Fortune — Never again. That was the sentiment held among legislators as they rallied to pass the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010. The goal was to outlaw the subprime mortgages that fueled the ’00s housing bubble—which...
