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Sellers Retreat from the Market, Increasing Inventory Shortage and Buoying Home Prices; Affordability Takes Step Back on Rising Interest Rates
Black Knight, Inc.'s Data & Analytics division released its latest Mortgage Monitor Report, based on the company's mortgage, real estate, and public records datasets. With both supply and demand in the housing market being impacted by a volatile interest rate...
Square Mile Capital Announces New Corporate Brand with USAA Real Estate, called Affinius Capital
USAA Real Estate, having acquired the balance of Square Mile Capital in 2021, will consummate a decade of partnership between the two companies with today's announcement of the final integration of the two investment management platforms under a new corporate brand...
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Homebuilder sentiment tumbles in September for ninth straight month
Source: Fox Business --- Confidence among builders in the U.S. housing market plunged more than expected in September to the lowest level since the beginning of the COVID-19 pandemic as painfully high inflation and rising borrowing costs forced potential buyers to...
Home-Flipper Opendoor Hit With Losses in Echo of Zillow Collapse
Source: Bloomberg --- Company lost money on 42% of its August resales after it failed to anticipate slide in housing demand. The US housing market’s sharp downturn has been bad for builders, flippers and almost anyone who had plans to sell a home when rising mortgage...
US housing market in ‘deep recession’ as homebuilder confidence tanks: economist
Source: NY Post --- The US housing market is in the midst of a “deep recession” that could put pressure on the Federal Reserve to ease up on interest rate hikes, a prominent economist warned on Monday. Homebuilder confidence declined for the ninth straight month in...
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