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The housing market recession could be bottoming out. What does it mean for home prices?
Source: Yahoo! --- Fed Chair Jerome Powell made it crystal clear last summer: Spiking mortgage rates would help to "reset" the U.S. housing market, which had turned into a buyer's nightmare during the pandemic. Of course, spiking mortgage rates wouldn't magically...
How Much Does It Cost to Cut Down a Tree?
Source: US News --- As a homeowner, you may be able to tackle lawn maintenance and small landscaping projects, but tree removal, no matter the size, is no easy task. A professional tree service will cut down the tree and remove it for you, but prices for these...
Survey finds Americans wildly misinformed on housing market
Source: The Hill --- A new survey finds Americans are woefully misinformed about the nation’s mercurial housing market, even as millions of them prepare to buy homes. Twenty-eight million Americans plan to purchase a home in 2023, according to a survey released...
The worst is over for the US housing market – and prices will stop crashing within 6 months, Goldman Sachs says
Source: Insider --- The end is in sight for the US housing market's troubles, according to Goldman Sachs. Strategists at the US bank said this week that easing mortgage rates are likely to help the market find a floor within six months – with prices likely to have...
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...
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