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Home prices are going down and seller concessions on the rise, realtors say

Home prices are going down and seller concessions on the rise, realtors say

by Third Party | Jan 7, 2023 | Mortgage Information, Real Estate News

Source: KGW8 News —  PORTLAND, Ore. — Portland real estate agents say the market is back into historical trends.  The two-year home buying frenzy has slowed down as interest rates have hit nearly 7% – something that’s stopped buyers from going all in...
CoreLogic’s Major US Housing Market Trends of 2022

CoreLogic’s Major US Housing Market Trends of 2022

by Third Party | Jan 7, 2023 | Real Estate News, U.S. Housing Market

Source: Yahoo! Finance —  IRVINE, Calif., January 05, 2023–(BUSINESS WIRE)–CoreLogic, a leading global property information, analytics and data-enabled solutions provider, released the major U.S. housing trends wrap-up for 2022. Year-over-year home...
Manhattan apartment sales plunge in fourth quarter as brokers fear a frozen market

Manhattan apartment sales plunge in fourth quarter as brokers fear a frozen market

by Third Party | Jan 6, 2023 | News/Current Events, Real Estate News, U.S. Housing Market

Source: CNBC —  Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales in the quarter, down from 3,560 last year,...
Here’s what to expect in the housing market this year

Here’s what to expect in the housing market this year

by Third Party | Jan 6, 2023 | Real Estate News, U.S. Housing Market

Source: CNN Business —  Washington, DCCNN —  Last year was a wild ride in the US housing market. Mortgage rates doubled and sales plummeted, triggering the longest month-to-month slump on record. A lot of would-be buyers and sellers watched from the sidelines....
Housing market recession: Everything you need to know

Housing market recession: Everything you need to know

by Third Party | Jan 6, 2023 | News/Current Events, Real Estate News, U.S. Housing Market

Source: Capital.com —  What is a housing market recession? In general, a recession refers to a situation when the economy is witnessing a decline in activity. In addition, a fall in employment, income, retail sales and production also come into play, affecting...
Millennial Homebuyers: What the 2023 Housing Market Looks Like for Gen Y and Gen Z

Millennial Homebuyers: What the 2023 Housing Market Looks Like for Gen Y and Gen Z

by John G. Stevens | Jan 6, 2023 | Real Estate News, U.S. Housing Market

Source: US News —  Millennials were already having a hard time becoming homeowners, but as new data shows, 2022 only added fuel to the fire. According to the 2022 Profile of Home Buyers and Sellers report from the National Association of Realtors...
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