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The US housing market faces a ‘triple whammy’ of threats – and stocks may stage a Santa Claus rally, a top strategist says
Source: Insider --- The US housing market is under severe pressure, stocks might stage a year-end rally, and the Federal Reserve probably won't raise interest rates much higher, a leading strategist has said. The NAHB/Wells Fargo Housing Market Index, which measures...
Here’s How Many Homeowners Could Be Stuck With ‘Underwater’ Mortgages in 2023
Source: Yahoo! Money --- Home values are likely to fall next year, and some recent buyers may find themselves in the predicament of being underwater on their mortgages. But experts say most homeowners probably don’t need to worry too much. A new analysis from real...
Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
Source: CNBC --- Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from the...
Real estate to Uncle Sam: Help us get office workers back
Source: The Real Deal --- A major real-estate-industry group says the federal government is setting a bad example, and hurting the overall office market, by allowing remote work and reducing its office footprint. The Real Estate Roundtable — which is composed of...
Real Estate Investing For Beginners: 10 Best Stocks To Buy
Source: Yahoo! --- In this article, we will look at the 10 best real estate stocks to buy. If you want to explore similar stocks, you can also take a look at 5 Best Real Estate Stocks To Buy....
Bank of America CEO Issues Dire Warning for Housing Market: Prepare for 2 More Years of Pain
Source: The Ascent --- It's been a really tough go for prospective home buyers since mid-2020. For the past two years and change, the real estate market has sorely lacked inventory. That's driven home prices upward and forced buyers into countless bidding wars. This...
Housing Market Recession: Home Builder Sentiment Tanked Every Month This Year—But There’s Finally A ‘Silver Lining’
Source: Forbes --- Home builder confidence plunged every single month this year as higher interest rates weakened demand in the formerly booming housing market, the National Association of Home Builders reported Monday, but with the Federal Reserve finally starting to...
U.S. home builder gloom persists, but some hope seen for next year
Source: Reuters --- Dec 19 (Reuters) - Confidence among U.S. single-family home builders fell for a record 12th straight month in December as even a scramble to offer incentives for prospective buyers failed to boost traffic and lift sales in today's high-inflation,...
Adjusting Ahead of a Turbulent 2023
As a real estate agent, it's important to always be prepared for the unexpected and to be able to adapt to changing market conditions. With the uncertainty of the current economic climate, it's more important than ever for agents to be ready for potential turbulence...
High mortgage rates limit relocation options, Redfin says – Here’s where homebuyers are still moving to
Source: Fox Business --- The search for affordable housing remains a top motivator for homebuyers who are looking to relocate to a new city, according to Redfin’s third quarter migration report. In the third quarter of 2022, a record 24.2% of homebuyers looked to...
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