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Housing Market Sees Troubling Sign as Mortgage Lenders Fail

Housing Market Sees Troubling Sign as Mortgage Lenders Fail

by Third Party | Aug 24, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: Housing Wire —  Some independent mortgage lenders feeling the brunt of increased lending rates are declaring bankruptcy and have already laid off hundreds of employees in certain instances, in what is being described as the worst shape the housing...
We’re in a ‘housing recession,’ experts say. Here’s what that means for homeowners, sellers and buyers

We’re in a ‘housing recession,’ experts say. Here’s what that means for homeowners, sellers and buyers

by Third Party | Aug 23, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: CNBC —  Just months ago, the housing market remained in overdrive: surging home prices, historically low interest rates and unrelenting demand. However, data now suggests to some experts that the market is in a “housing recession.” For example, sales of...
Pivo Wins 2022 PropTech Real Estate Indoor Mapping Solution Award

Pivo Wins 2022 PropTech Real Estate Indoor Mapping Solution Award

by Third Party | Aug 23, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: EIN News —  Smartphone Mount for Real Estate Professionals Simple and Affordable Solution for Creating Better Virtual Tours, Branding, & Visibility LOS ANGELES, CA, UNITED STATES, August 22, 2022 /EINPresswire.com/ — Pivo, Inc., a global leader...
$14.9M palatial estate in Connecticut priced to break local record

$14.9M palatial estate in Connecticut priced to break local record

by Third Party | Aug 23, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: CNBC —  Hidden behind a stone wall spanning 1,500 feet in one of Connecticut’s wealthiest neighborhoods is a palatial estate with a great room inspired by a Scottish castle. The brick-and-limestone residence, built in 1929, is the most expensive home for...
Zillow: Home prices to fall in these 123 housing markets—while 780 markets will go higher in 2023

Zillow: Home prices to fall in these 123 housing markets—while 780 markets will go higher in 2023

by Third Party | Aug 22, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Fortune —  This summer, the U.S. housing market entered into a sharp slowdown. That only intensified last month. On a year-over-year basis, new-home sales and existing-home sales are now down 17.4% and 20.2%, respectively. While single-family housing...
Corruption, money laundering drive red-hot Baghdad property market

Corruption, money laundering drive red-hot Baghdad property market

by Third Party | Aug 22, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: The Jerusalem Post —  Real estate sales in Baghdad, are booming, especially in high-end areas, with prices in the Iraqi capital, exceeding those in several Arab and European capitals. Experts attribute this phenomenon to money laundering operations and...
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