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National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed
Source: Fortune --- On Jan. 10, researchers at Goldman Sachs downgraded their outlook for the U.S. housing market in a paper titled “Getting worse before getting better.” Instead of U.S. home prices falling 4.1% in 2023, which was their November call, researchers at...
Redfin CEO Glenn Kelman calls housing market ‘stronger than anyone could’ve hoped’
Source: Yahoo! News --- The housing market is coming off one of its most challenging years since the financial crisis, but signs of a turnaround are emerging early in 2023, according to Redfin (RDFN) CEO Glenn Kelman. "The market could still easily falter,"...
New Yorkers Never Came ‘Flooding Back.’ Why Did Rents Go Up So Much? Getting to the bottom of a COVID-era real estate mystery.
Source: Curbed --- For a minute there, things looked grim for New York City landlords. The pandemic caused an exodus of such proportions that building owners were forced to cut rents to their lowest levels since the bad old days of 2011. But then a miracle happened....
Real Estate Preview 2023: Another very different year for homebuyers and sellers
Source: Pleasanton Weekly --- Real estate markets throughout the East Bay have experienced significant changes since 2019 -- and more are on the way. "The most dramatic changes during 2023 will be mortgage interest rates," said Steve Medeiros, 2023 president of the...
North Carolina city ranked 2nd in US for biggest increases in housing prices
Source: Fox News --- RALEIGH, N.C. (WGHP) – Despite a cooling market because mortgage rates have risen to fight inflation, home sellers in 2022 still had an amazing rate of return – and those in Raleigh were among the best. The ATTOM U.S. Home Sales Report released...
When will US home prices finally stop dropping?
Source: Fox Business --- The end may finally be in sight for a prolonged slump in the U.S. housing market, according to Goldman Sachs strategists. Analysts at the Wall Street bank said in a note this week that falling mortgage rates are likely to stop the dramatic...
Housing Market Update: Pending Home Sales Improve In January As More Buyers Return
Source: Redfin --- Pending sales posted their smallest year-over-year decline in three months as mortgage rates ticked down. Early indicators of homebuyer demand, including tour requests and mortgage applications, are increasing from their low point. Pending home...
Why You Shouldn’t Fear Today’s Foreclosure Headlines
Source: Keeping Current Matters --- If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about...
US housing market shows early signs of recovery as demand rises
Source: Fox Business --- The housing market is showing early signs of recovery with pending sales of U.S. homes climbing for the first time in a year, according to new data from Redfin. Pending home sales rose 3% in December, the first month-over-month increase since...
Here’s when US home price declines could end, Goldman Sachs says
Source: New York Post --- The ongoing plunge in US home prices may be nearing its end, Goldman Sachs analysts said in a note to clients this week. Long-term mortgage rates have cooled by nearly a full percentage point after surging above 7% as the Federal Reserve...
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