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Price Growth in International Cities Set to Slow, but Trophy Properties Will Help Protect Prime Markets
Source: Mansion Global --- Although international luxury real estate markets are set to take a hit in 2023, the lack of available blue-chip properties will help keep prime prices afloat, according to Savills. Indeed, high-end residential real estate is expected to see...
How will the recession impact commercial real estate?
Source: MPA Mag --- High interest rates and a potential recession will make this year a challenging one for commercial real estate, an industry pundit said. Richard Barkham, global chief economist for CBRE, predicts a recession for next year that will only exacerbate...
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US housing market price correction to hit ‘coast to coast,’ economist warns
Source: NY Post --- The scorching pandemic-era US housing market is on the verge of a “coast to coast” price correction as the Federal Reserve hikes interest rates, a prominent economist warned this week. Mark Zandi, chief economist at Moody’s Analytics, said his firm...
Out of 50 major housing markets in America, just 6 now have more new real estate listings now than before the pandemic. Here’s what that might mean
Source: MarketWatch --- Even as mortgage rates continue their upward climb (see the lowest rates you can qualify for here), home prices have continued to rise. And one big factor in those rising home prices is that America is currently facing a real estate inventory...
New Home Sales Increase in May Before Fed June Rate Rise
Source: NAHB --- After posting four consecutive monthly declines on rising mortgage rates and worsening affordability conditions, new home sales posted a solid gain in May as some buyers rushed into the market in advance of the Federal Reserve’s June interest rate...
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