Source: Click 2 Houston — HOUSTON – Sikiru Ogunboyejo has been a real estate agent for eight years. He says he’s seen major fluctuations in interest rates during his time on the job. ”When COVID started interest rates were, I wouldn’t say at an all-time low,...
Source: New York Times — In New York City, where space is at a premium, developers tear down residential buildings to create new ones that climb higher and higher into the sky — projects that could create thousands of apartments to help alleviate the city’s...
Source: The Hill — The real estate market is cooling fastest primarily among West Coast cities already hit by the lingering affordability crisis, with Seattle leading the way, according to a new analysis. An analysis from the real estate firm Redfin ranked the...
Source: Boston — Federal Reserve Chair Jerome Powell warned that the US housing market is likely to suffer a reversal in the wake of policymakers’ interest-rate hikes. “We’ve had a time of a red-hot housing market all over the country,” Powell said in a press...
Source: New York Post — US home prices are now “clearly falling” and could plummet by as much as 20% by mid-2023 as the Fed continues its aggressive push to hike interest rates, according to a prominent economist. Ian Shepherdson, the chief economist at...
Source: USA Today — The Federal Reserve’s interest rate hikes may be intended to give the housing industry a “reset,” as chair Jerome Powell wanted, but it also may have further confused home buyers and sellers on what to do next....
