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These 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’
Source: MorningStar --- Goldman Sachs economists say they expect rates will 'remain persistently high' The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. "The headwind from higher mortgage...
US Housing Market Cooling Off from West to East
Source: Fitch Ratings --- Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation will...
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
There Are 9,000 Real Estate Agents in the Portland Area. Are You Next?
Source: Portland Monthly --- In an industry where there’s no cap to how much you can earn, there’s bound to be a lot of competition—who wouldn’t jostle for a chance to make it big in real estate? That’s especially true in a city like Portland, with housing inventory...
Manhattan residential real estate sales hit a record $7.3 billion in the first quarter
Source: CNBC --- Manhattan residential real estate sales topped $7 billion in the first quarter, marking the strongest-ever start to a year as the market shows no signs of slowing, according to new sales data. There were 3,585 sales in the first quarter, the highest...
House flippers could be taxed under proposed CA bill
Source: KCRW --- Any Californian who is searching for a new home or is a fan of scrolling through Zillow is well aware that California’s real estate market is red hot. With an explosion of demand mixed with limited inventory, home prices have skyrocketed in recent...
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