Source: Fortune — Talk about a 180. Not only has the Pandemic Housing Boom—which pushed U.S. home prices up 42% over the past two years—fizzled out, but we’ve seen it replaced by a “housing recession.” Across the nation, home sales are...
Source: Miami Herald — The tea leaves are lining up in favor of homebuyers who can afford today’s higher mortgage rates. Multiple sources indicate that more and more people are canceling their home purchases because rates have moved beyond their reach — a...
Source: CNBC — The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything higher. The U.S. Federal Reserve, though, is...
Source: Deseret News — If you’ve been paying attention to the U.S. housing market, you’ve likely seen words like “correction” and “recession” crop up more and more. Earlier this week, National Association of Home Builders CEO Jerry Howard warned on Fox...
Source: Fox Business — A significant number of sellers around the U.S. are cutting prices as high mortgage rates and fears of a potential recession keep many prospective buyers at bay. A recent report by Redfin indicated over 25% of home sellers in...
Source: Front Porch News — Unlike this Texas heat, things definitely cooled down in the real estate market! There’s been a big shift as interest rates continue to rise. It blows the mind to see it happen so quickly. More homes showed up on the market, as usual...
