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The Fed’s ongoing housing market ‘reset’ sees buyer cancellation rate at one of the nation’s largest homebuilders spike to 68%

The Fed’s ongoing housing market ‘reset’ sees buyer cancellation rate at one of the nation’s largest homebuilders spike to 68%

by Third Party | Jan 14, 2023 | Industry Updates, News/Current Events

Source: Yahoo! —  Speaking to reporters in September, Fed Chair Jerome Powell was asked to clarify what he meant when he said spiking mortgage rates would cause a housing “reset.” The meaning, he said, was that the U.S. housing market would slip into...
When Will Housing Prices Drop?

When Will Housing Prices Drop?

by Third Party | Jan 14, 2023 | Industry Updates, U.S. Housing Market

Source: US News —  For just about any homeowner, talk of falling housing prices can spark panic. With homeownership being the major financial and personal investment it is, there’s a natural anxiety that comes with any potential threat to that investment....
Sustainability Outlook: Top Five Issues Affecting Real Estate in 2023

Sustainability Outlook: Top Five Issues Affecting Real Estate in 2023

by Third Party | Jan 13, 2023 | Industry Updates, Real Estate News

Source: Urbanland —  The real estate industry’s momentum on climate action only continues to grow as the new year begins, as demonstrated by the newly released ULI Global Sustainability Outlook 2023 report. At the same time, macroeconomic uncertainties, properly...
Real Estate Trends: Increasing Interest Rates Continue To Drive Down Mortgage Demand

Real Estate Trends: Increasing Interest Rates Continue To Drive Down Mortgage Demand

by Third Party | Jan 13, 2023 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Forbes —  Key takeaways Mortgage demand for purchases is down 41% year-over-year, and refinance demand is down 84% year-over-year. Housing prices are higher than a year ago, and experts believe they will continue to climb overall, with some areas seeing...
Wells Fargo Is Backing Out Of The Mortgage Market – What Does It Mean For Homebuyers?

Wells Fargo Is Backing Out Of The Mortgage Market – What Does It Mean For Homebuyers?

by Third Party | Jan 13, 2023 | Industry Updates, News/Current Events

Source: Forbes —  Key takeaways Wells Fargo, the country’s third largest mortgage lender, is stepping back from the mortgage market. While not exiting it entirely, they’ll be focusing on only providing mortgages to their existing customers, and those in...
Nationally Recognized Real Estate Entrepreneur Known As The YouTube REALTOR Champions Content Creation For Entrepreneurs of All Stripes

Nationally Recognized Real Estate Entrepreneur Known As The YouTube REALTOR Champions Content Creation For Entrepreneurs of All Stripes

by Third Party | Jan 13, 2023 | Industry Updates, Real Estate Agent Tools

Source: Yahoo! —  Dallas -Texas – Real Estate Expert, Thought Leader, Public Speaker, and Business Advisor Chastin J. Miles credits his incredible success to having the right tools to navigate and take advantage of the age of content creation. Miles is...
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