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Pretium Brings in Julie Harbert as Senior Managing Director and President of Pretium Enterprise Services
Pretium, a specialized investment firm focused on U.S. residential real estate, residential credit, and corporate credit, announced that Julie Harbert has joined the firm as Senior Managing Director and President of Pretium Enterprise Services. In this newly created...
The Number of ‘Million-Dollar’ Cities in the U.S has Dropped by Nearly 10% in the Last Six Months
The U.S. has lost 58 "million-dollar" cities — cities where the typical home is worth $1 million or more — since the housing market peaked last July, a new Zillow analysis shows. In the six months after the peak, the typical home in million-dollar cities lost an...
Additional Reading: Top Real Estate Industry News & Headlines
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Housing market correction? Here’s what experts think is ahead for the real estate market
Source: USA Today --- The Federal Reserve's interest rate hikes may be intended to give the housing industry a "reset," as chair Jerome Powell wanted, but it also may have further confused home buyers and sellers on what to do next. Average 30-year fixed mortgage...
The Fed to reset the U.S. housing market through a ‘difficult correction’—5 things to know about the plan
Source: Fortune --- Fed Chair Jerome Powell told reporters back in June that spiking mortgage rates would see the Pandemic Housing Boom fizzle out. In the eyes of Powell, that would be a good thing. “I’d say if you are a homebuyer, somebody or a young person looking...
Ten US Housing Markets That are Cooling the Fastest
Source: Globe Street --- As the US housing market continues to cool, Seattle has the dubious distinction of slowing faster than any other city in the country, according to an analysis by Redfin that ranked the most populous US metropolitan areas according to the...
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