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Home sale cancellations rise in ‘remarkably uncertain time’ for market: Redfin CEO

Home sale cancellations rise in ‘remarkably uncertain time’ for market: Redfin CEO

by Third Party | Aug 31, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: New York Post —  The US housing market is in the midst of a significant pullback, with cooling conditions that have contributed to a spike in home sale cancellation rates, according to the top boss at real estate firm RedFin. RedFin CEO Glenn Kelman...
Real estate: A looming end to the long boom

Real estate: A looming end to the long boom

by Third Party | Aug 31, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: The Week —  The “booming housing market is stalling out,” said David Harrison and Nicole Friedman in The Wall Street Journal. Trapped between near-record prices and soaring mortgage rates, buyers are pulling back. In July, figures released...
Bankers’ Hours column: Changes coming to the housing market

Bankers’ Hours column: Changes coming to the housing market

by Third Party | Aug 30, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: Post Independent —  This is an issue we revisit periodically, because everybody else does. The question is regularly raised, “With stratospherically spiking home prices, and so called ‘Non-QM (Nonqualifying mortgages, meaning not conforming to Fannie Mae...
Revised: Odds of falling home prices in your local housing market, as told by one interactive map

Revised: Odds of falling home prices in your local housing market, as told by one interactive map

by Third Party | Aug 30, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Fortune —  Back in June, Fed Chair Jerome Powell made it clear to reporters: The Pandemic Housing Boom was over. Heading forward, he said, spiked mortgage rates would push the U.S. housing market into a slowdown. “We saw [home] prices moving up very very...
Why I’m Not Worried About a Housing Market Crash

Why I’m Not Worried About a Housing Market Crash

by Third Party | Aug 30, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Nasdaq —  Are we going to see a housing bubble? According to new guidance from credit reporting agency Fitch, we may. In a recent release, Fitch analysts stated that the probability of a “severe downturn” in the U.S. housing market is on the...
Essential Safety Tips for Real Estate Agents

Essential Safety Tips for Real Estate Agents

by Third Party | Aug 29, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: Florida Realtors —  Agents constantly meet up with strangers, aka “possible clients.” The job comes with a certain amount of risk, and agents should constantly consider their own safety. NEW YORK – Undertaking the responsibilities of a real estate agent...
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