Source: Bloomberg — Company lost money on 42% of its August resales after it failed to anticipate slide in housing demand. The US housing market’s sharp downturn has been bad for builders, flippers and almost anyone who had plans to sell a home when rising...
Source: Washington Business Journals — Inventory has been a closely-watched metric of the U.S. housing market during, and leading up to, the Covid-19 pandemic. Read...
Source: NY Post — The US housing market is in the midst of a “deep recession” that could put pressure on the Federal Reserve to ease up on interest rate hikes, a prominent economist warned on Monday. Homebuilder confidence declined for the ninth straight month...
Source: Yahoo Finance — BEIJING (Reuters) – Two months since many Chinese homebuyers stopped repaying mortgages to protest stalled construction on their properties, a lack of progress at more sites now threatens to intensify the boycott, despite...
Source: Richmond Times Dispatch — Martha and the Vandellas probably were not singing about financial markets in their 1965 hit “Nowhere to run … nowhere to hide,” but the song describes the feeling in the market for just about everyone. The possible...
Source: Yahoo — Buying and selling property comes with a laundry list of expenses — home inspections, appraisals, insurance, property taxes, real estate agent commissions, lawyer costs, and more. These add up fast. Nobody likes spending more than they have to,...
