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Housing Market Momentum Stalls as Critical Spring Season Approaches
Source: Mansion Global --- Rising mortgage rates are cooling the U.S. housing market, sapping recent buyer interest heading into the crucial spring selling season. Economists, home builders and real-estate agents saw evidence of a thaw in early 2023, when rates...
Millionaires row no more: Number of houses that cost seven figures nationwide is dropping
Source: USA Today --- As mortgage rates continue their upward march, the share of U.S. homes worth seven figures is dropping. In another indication of the cooling housing market, homes that would have been worth $1 million or more at the peak of the pandemic...
International Women’s Day: What it means to the real estate industry
Source: Elite Agent --- To celebrate 2023’s International Women’s Day, we spoke to some of the most inspiring and influential leaders in the real industry to find out how real estate has changed in recent years, what needs to be done better and their advice for women...
Coldwell Banker Uncovers Why International Buyers Dream of Owning U.S. Real Estate
Source: PR Newswire --- MADISON, N.J., March 7, 2023 /PRNewswire/ -- From diverse American cities and regions to being inspired by Hollywood, wealthy international consumers are dreaming of home in the United States. According to a recent survey by Coldwell Banker...
This developer is happy that new home construction is falling
Source: CNN Business --- New YorkCNN — Recent headlines point to a slumping US housing market — as mortgage rates average near 7%, an increasing number of potential homebuyers are finding it difficult to finance homes. Mortgage applications fell in late February to a...
Six new imperatives for real estate players
Source: McKinsey & Company --- Higher inflation, higher interest rates, and other challenges mean that the real estate industry needs new paths to success. ‘If you build it, they will come.’ For decades, that’s been as true for well-located office, retail, and...
Foreclosure Activity Down in February, but Up Annually
There were a total of 30,528 U.S. properties with foreclosure filings in February, that’s down 3% from a month ago and up 18% from a year ago, according to the February 2023 U.S. Foreclosure Market Report from ATTOM. Filings included default notices, scheduled...
Metro Atlanta housing market remains elevated, despite tighter inventory
Source: WSB-TV --- ATLANTA — New numbers show January got an unexpected 8% increase in homes going under contract. Buyers were jumping on mortgage rates that dropped. But, Channel 2′s Justin Farmer learned in the metro Atlanta area, home prices remain elevated...
Last year’s homebuyers watch for fleeting chance to refinance
Source: Yahoo! News --- A few weeks ago, Sean Dycus thought he spied the window to snatch a lower mortgage rate than the 8% he got saddled with in December when he bought an investment home in South Carolina for $450,000. “I got an offer that would lower my rate by...
Guest Essay: Sally Mabadi on real estate, property values and the new Ryan Field
Source: Evanston Round Table --- Author’s note: This article addresses one topic that has been raised about the new Ryan Field; it is not designed to address all of the open issues that need to be resolved between the city and Northwestern University. The author...
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