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Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
Source: Fox Business --- Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices. The firm wrote to clients earlier this month that it predicts four U.S. cities will suffer the most catastrophic...
US housing affordability hell ‘can’t beat’ the Florida heat
Source: Fox Business --- With rising mortgage rates and home prices staring homeowners down in 2023, Sun Belt residents are expressing their gratitude for making the historic exodus when they did. "The people are nice, you can't beat the weather and just the climate...
Auto, real estate businesses targeted by Facebook Marketplace change to online listings
Source: Springfield News-Leader --- Brad Sims is the owner of S&A Motorsports, a used auto dealership in Springfield. He sells between 10 to 15 vehicles a month, with the majority of his sales coming from listings he makes on Facebook Marketplace. Sims said as a...
Starter Home Prices Are Soaring and Luxury Is in a Slump—What’s Going On?
Source: Realtor.com --- For those navigating America’s residential real estate market, it’s lately felt a bit like an out-of-control cargo train, ever threatening to veer off the tracks—stomach-churning price accelerations followed by interest rate hikes slamming the...
Market confidence rising among home builders
Source: Bankrate --- Confidence in the housing market is still fairly low among U.S. home builders, but it’s on the rise. According to the most recent National Association of Home Builders/Wells Fargo Housing Market Index, released January 18, builder confidence...
‘A real estate bottom?’ More homebuyers jump back in as the year kicks off
Source: Yahoo! News --- Real estate agents confirm what housing data is starting to show: More homebuyers are emerging from their self-imposed hibernation. The volume of mortgage applications for home purchases rose 25% week over week, the Mortgage Bankers...
HOW TO INCREASE YOUR LOCAL RANKINGS AS A REAL ESTATE AGENT
Source: Realty Biz News --- It may surprise you to learn that homes cost an average of over $350,000 as of 2022. The increase in housing prices has generated a large amount of interest in working as a real estate agent. This is simply due to the higher commissions...
Mortgage rate buydowns are on the rise as homebuyers cope with high interest rates
Source: USA Today --- Anna Raymond was ready to make the switch from renting to owning a home last spring. But after five failed offers, she and her husband decided to take a step back from house hunting. Then, in December, their real estate agent presented an offer...
The 10 best cities to buy a home in 2023 are all in the South
Source: CNBC --- Even with rising homeownership costs squeezing out buyers, some real estate markets will remain hot in 2023, mostly due to their relative affordability compared with the rest of the U.S., a new forecast finds. The top places have something else in...
First-time homebuyers are ‘royally screwed’
Source: Insider --- Lawrence Talej was ready to buy his first house. It was late 2019, and Talej, then a 26-year-old software developer, had saved up for a down payment while living with his parents in a suburb near Richmond, Virginia. After looking at a few houses...
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