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 recent report by Redfin indicated over 25% of home sellers in three-quarters of metros tracked by the brokerage nationwide dropped their asking prices in June. In some areas, more than 60% of sellers dropped their prices which,...
Source: Mortgage News Daily — The market came into the week with a big focus on the scheduled policy announcement from the European Central Bank (ECB). While our focus remains on mortgage rates in an entirely different continent, major goings on in European...
Source: Keeping Current Matters — Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know...
Hits and Misses for the Real Estate Week of April 6-10
