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The US housing market’s stagnation has gotten even worse
Source: Quartz--- The meteoric rise of mortgage rates has zipped past another milestone this year. For the first time since April 2002, the 30-year fixed-rate mortgage (FRM) topped 7% this week, according to data from Federal Home Loan Mortgage Corporation (Freddie...
As profits fall 50%, Anywhere says commission splits could change
Source: The Real Deal --- A challenging housing market halved Anywhere’s third-quarter profits compared to last year, and company executives said on an earnings call they think the market will get slower yet. That could mean more layoffs and lower commission splits...
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The odds of a home price decline hitting your local housing market, as told by one interactive chart
Source: Fortune --- Fed Chair Jerome Powell has made it clear: The central bank is done sitting on the sidelines as inflation chips away at the value of the dollar. The plan? Put upward pressure on interest rates until price growth relents. Historically speaking, that...
Tough-To-Crack Housing Market Has U.S. Buyers Eyeing Second Jobs
Source: Financial Advisor --- Would-be homeowners are getting creative — or you might say desperate — in how they plan to save for downpayments and purchase homes, according to a new survey. To afford a house, many Americans would consider taking a second job,...
How Real Estate Investors Can Use AI For Market Analysis
Source: Realty Biz News --- Nowadays, no business is complete without taking advantage of artificial intelligence (AI) and machine learning (ML). Many companies have already begun to incorporate AI into their business models, from startups to well-established brands....
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