Source: Marketwatch — The government’s inflation numbers confirmed that the price of literally everything has gone up. But an economist said that there’s one group who actually may have benefitted from rising costs. Inflation may be at a 41-year high of 9.1% in...
Source: Redfin — Inflation and high mortgage rates are taking a bite out of homebuyer budgets, leading to fewer sales and supply gains. The median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10....
Source: CNBC — After the frenzy of bidding wars, the U.S. housing market is starting to cool, particularly along the West Coast, as mortgage interest rates rise. That’s forcing some sellers to adjust. “Sellers have to be more realistic,” said Bill Kowalczuk,...
Source: Calculated Risk — …We are seeing a clear slowing in the housing market, with more price reductions, more inventory, and fewer sales. It will take some time to see the impact on house price growth, but that is coming too. Next week, existing home...
Source: Eye on Housing — Year-to-date ending in May, single-family permits declined in three out of the four regions. The South posted a moderate increase of 1.0% while the Northeast region reported the steepest decline of 11.7%. The Midwest declined by 11.2%...
Source: Keeping Current Matters — With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the...
Bill Ackman’s Foundation Pays $260 Million for 2 Manhattan Buildings …
