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The real estate rager is over. Prepare for a housing hangover.

The real estate rager is over. Prepare for a housing hangover.

by Third Party | Jan 15, 2023 | Industry Updates, U.S. Housing Market

Source: MLive —  The housing market is cleaning up its wildest party in decades. Prices saw double-digit increases while days on the market were reduced to hours. But now we’re flipping on the lights and ending this rager. It’s time to go back to normal —...
Real estate speculators during recessions and recoveries

Real estate speculators during recessions and recoveries

by Third Party | Jan 15, 2023 | Industry Updates, Real Estate News

Source: firsttuesday Journal —  This article explains why speculators — as a distinct type of real estate purchaser — profit disproportionately during a recovery, and what the next speculator increase means for California’s housing market. Why the spectacle? A...
Zillow, Redfin, and the real estate market: 5 trends to watch in 2023

Zillow, Redfin, and the real estate market: 5 trends to watch in 2023

by Third Party | Jan 15, 2023 | Industry Updates, Real Estate Agent Tools

Source: GeekWire —  The once high-flying real estate market sputtered in 2022, dragging many real estate tech companies down with it. The sudden swing pushed companies to cut costs, which included layoffs and shifts to their business models. Seattle giants...
2023 Mortgage Forecast: Rates Expected to Decline

2023 Mortgage Forecast: Rates Expected to Decline

by Third Party | Jan 14, 2023 | Industry Updates, Mortgage Information

Source: US News —  Mortgage rates are widely expected to fall this year as inflation recedes and the U.S. economy prepares for the possibility of a modest recession, according to some of the nation’s leading real estate economists. This comes after...
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....
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