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What Is a Housing Market Price Correction?

What Is a Housing Market Price Correction?

by Third Party | Nov 13, 2022 | Real Estate Agent Tools, Real Estate News, U.S. Housing Market

Source: U.S. News —  As a homeowner or would-be homeowner, news of housing market conditions can feel stressful – especially when you haven’t endured those conditions in the past. But not all terms are as complicated as they may seem, or as scary for you as a...
It’s the worst time to buy a home in a generation, U.S. survey shows

It’s the worst time to buy a home in a generation, U.S. survey shows

by Third Party | Nov 12, 2022 | News/Current Events, U.S. Housing Market

Source: Seattle Times —  U.S. consumers are seeing homebuying conditions at their worst in a generation as mortgage rates soar in response to the Federal Reserve’s aggressive tightening cycle. About 4 in 5 consumers now describe buying conditions for homes as...
Housing Market Braces For Rising Layoffs ‘Soon’ As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs

Housing Market Braces For Rising Layoffs ‘Soon’ As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs

by Third Party | Nov 11, 2022 | Industry Updates, U.S. Housing Market

Source: Forbes —  TOPLINE Though the labor market’s overall resilience continues to puzzle experts, the plight of rising interest rates, which are spurring a historic plunge in home sales, could soon lead to a rash of harsher job cuts across the housing...
More older Americans become homeless as inflation rises and housing costs spike

More older Americans become homeless as inflation rises and housing costs spike

by Third Party | Nov 11, 2022 | Real Estate News, U.S. Housing Market

Source: NPR —  COLUMBIA FALLS, Mont. — On a recent rainy afternoon in this small town just outside Glacier National Park, Lisa Beaty and Kim Hilton were preparing to sell most of their belongings before moving out of their three-bedroom, two-bathroom rental...
Confidence in US housing market hits a new low: Fannie Mae

Confidence in US housing market hits a new low: Fannie Mae

by Third Party | Nov 11, 2022 | News/Current Events, U.S. Housing Market

Source: Fox Business —  Consumer confidence in the U.S. housing market has tumbled to the lowest level on record as rapidly rising mortgage rates and high home prices force potential buyers to pull back. In October, just 16% of consumers said they feel that now...
This chart shows where US housing market prices are dropping the most

This chart shows where US housing market prices are dropping the most

by Third Party | Nov 11, 2022 | Industry Updates, News/Current Events, U.S. Housing Market

Source: ABC 10 News —  According to the American Enterprise Institute’s Housing Center, home prices are finally declining after 10 years of a seller’s market. The drop is the result of a marked increase in interest rates and constant quality home price...
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