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‘No One Wants To Catch a Falling Knife’: What To Expect in the Housing Market for the Rest of 2022
Source: Realtor.com --- What a difference just a few months can make. As the year comes to a close, the red-hot housing market has been brought to its knees by soaring mortgage interest rates. It now appears to be in a standoff as just about everyone suddenly feels...
Here’s why it may take a while for housing inflation to cool off
Source: CNBC --- There are signs inflation may fall further in coming months, but housing threatens to mute any improvement. The consumer price index, a key barometer of inflation, rose 7.7% in October from a year ago. While still quite high by historical standards,...
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Americans are more stressed about money than ever, and it’s hurting our mental health
Source: CNBC --- Americans are more stressed about money than they’ve ever been, according to the American Psychological Association’s latest Stress In America Survey. “Eighty-seven percent of Americans said that inflation and the rising costs of everyday goods is...
Homebuyer Competition Falls for Second-Straight Month, Hitting Lowest Level in Over a Year
Source: Redfin --- 61% of home offers faced bidding wars in April—down from 63% a month earlier and 67% a year earlier—as surging mortgage rates prompted buyers to drop out. Riverside, CA and Atlanta saw the biggest annual declines. Nationwide, 60.7% of home offers...
Rental Market Tracker: Growth in Asking Rents Slows for the 1st Time in a Year
Source: Redfin --- Rents rose 15% year over year in April, down from March’s 17% increase. Still, Austin, Portland and South Florida saw rents surge more than 30%. The median monthly asking rent in the U.S. increased 15% year over year to a record high of $1,962 in...
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