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Summit County’s housing market continues to see transactions slow down as prices remain high

Summit County’s housing market continues to see transactions slow down as prices remain high

by Third Party | Mar 21, 2023 | Real Estate News, U.S. Housing Market

Source: Summit Daily —  The number of homes sold in Summit County is continuing to decrease each month, a trend that has held since last year. But home prices are remaining record high, according to February real estate data.  The findings come as brokers have...
Will The Housing Market Bloom This Spring?

Will The Housing Market Bloom This Spring?

by Third Party | Mar 21, 2023 | Real Estate News, U.S. Housing Market

Source: TAP Into Nutley —  What lies in store for the housing market in the Spring of 2023? That’s the real question, isn’t it? With a dizzying myriad of factors all weighing in the balance, what are we to make of the state of the housing...
Bank crisis will tip U.S. into hard landing after all, says Apollo’s chief economist: ‘I changed my view’

Bank crisis will tip U.S. into hard landing after all, says Apollo’s chief economist: ‘I changed my view’

by Third Party | Mar 21, 2023 | News/Current Events, U.S. Housing Market

Source: Fortune —  If you asked Torsten Slok a week ago how the economy was going to fare this year, he would have told you he was expecting a no-landing scenario, whereby the Federal Reserve would tame inflation without triggering a downturn.     But all has...
Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes

Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes

by Leora Ruzin | Mar 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

According to Zillow’s latest market report, mortgage rates — both their high levels and wild swings are making life difficult for buyers and sellers. Relatively high rates have reduced new listings to record lows, leaving buyers with limited options. Any dips in...
Housing Market in Pennsylvania Remains Flat in February 2023

Housing Market in Pennsylvania Remains Flat in February 2023

by Leora Ruzin | Mar 21, 2023 | Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

According to a report prepared for the Pennsylvania Association of Realtors, the February housing market remained steady compared to the prior month.   “January and February reflected similar numbers across the board,” said PAR President Al Perry....
Florida’s Housing Market Showed Signs of Heating Up in February 2023

Florida’s Housing Market Showed Signs of Heating Up in February 2023

by Leora Ruzin | Mar 21, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market in February continued to show increasing inventory and higher median prices compared to a year ago, according to Florida Realtors’ latest housing data.   The report also shows that economic uncertainty, inflation, and interest...
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