Source: Anchorage Daily News — NEW YORK — The chill in the housing market is rippling out to the carpenters, landscapers and other small businesses that lose out when fewer homeowners are renovating their properties. Inflation was already causing some...
Source: CNBC — Mortgage rates are projected to decline next year — but that doesn’t mean prospective homebuyers should necessarily delay a purchase for the prospect of lower financing costs. The rate on a 30-year fixed mortgage will fall to an average 4.5% in...
Source: Seeking Alpha — Thesis In 2008 the housing market crashed the global economy. Could it happen again? And how soon? While I don’t want to play the role of Mr. Doom, in this article I would like to highlight a few notable developments that could prove to...
Source: SF Gate — A respected analyst is issuing a warning for the San Francisco Bay Area: Homes are overvalued, especially in this cooling real estate market. Mark Zandi, the chief economist at the venerated firm Moody’s Analytics, told Fortune in a report...
Source: Realty Biz News — Many people remember the financial and housing crises of 2007 and 2008. That’s when the overheated housing market didn’t just slow down but instead went into a tailspin with millions of home prices dropping below the amount of the...
Source: Newsmax — Home prices could fall in 183 ”overvalued” markets if the housing recession continues, according to data mapped out from Moody’s Analytics. The map shows that 183 of the 413 top housing markets are ”overvalued” by...
Hits and Misses for the Real Estate Week of June 22-26
