Source: Yahoo Finance — As the Federal Reserve continues its hawkish market reset – which has contributed to a rise in interest and mortgage rates – real estate experts are sounding the alarm that “big trouble” lies ahead for the U.S. market....
Source: Financial Times — Spare a thought for the American first-time homebuyer, for whom things have rarely looked so grim. US home prices rose 40 per cent during the pandemic. Mortgage rates haven’t been this high in 15 years. Wages are higher, but not nearly...
Source: The Ascent — While mortgage rates dropped to record lows during the pandemic, things have changed in recent months. Rates have crept up steadily and mortgage loan rates are now higher than they’ve been for many years. With today’s mortgage...
Source: Insurance News Net — The collapse of a California-based real-estate company run by a former Columbus man has sent dozens of Columbus real-estate agents scrambling. More than 120 Corcoran Global Living agents in central Ohio and a few in the Dayton area...
Source: Insider — It’s time to purchase stock in Zillow, according to Bank of America which lifted its rating and price outlook on the property-technology firm as it foresees the housing market improving after a difficult 2022. Elevated interest rates...
Source: Knowledge at Wharton — The U.S. housing market last year bore the brunt of higher mortgage rates that rode spiraling inflation in the broader economy, but that will change this year, according to Susan Wachter, Wharton professor of real estate and...