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Historical Insight: Mortgage Rate Moves Are Independent And Can Turn Quickly
Source: Forbes --- The fast 4% mortgage rate climb to 7% has sparked worries about the housing market. However, the residential real estate market produces its own cycles, even running counter to the stock and bond markets. That independence comes from a focus on...
3 Real Estate Market Predictions for the Rest of 2022
Source: The Motley Fool --- Nobody can know the future, but here are some things I could see happening. The real estate market in the United States has been decidedly unpredictable for the past couple of years. Many investors and industry analysts (myself included)...
Own a Home? Here’s How It Could Help You Get Through a Recession
Source: The Motley Fool --- You'll often hear that being a homeowner can lead to more financial stability. When you own a home and pay down your mortgage, you get closer to owning an asset whose value can grow over time. Plus, when you rent a home, there's always the...
The US housing market’s stagnation has gotten even worse
Source: Quartz--- The meteoric rise of mortgage rates has zipped past another milestone this year. For the first time since April 2002, the 30-year fixed-rate mortgage (FRM) topped 7% this week, according to data from Federal Home Loan Mortgage Corporation (Freddie...
US Housing Market Sept & Softwood Lumber Prices Oct: 2022
Source: Yahoo Finance --- VANCOUVER, BC, Oct. 27, 2022 /CNW/ - After a strong showing in the first half of this year, US housing starts and US new home sales for September 2022 dropped, reversing a small recovery seen in August. While it is true that a slow-down is...
As profits fall 50%, Anywhere says commission splits could change
Source: The Real Deal --- A challenging housing market halved Anywhere’s third-quarter profits compared to last year, and company executives said on an earnings call they think the market will get slower yet. That could mean more layoffs and lower commission splits...
The Reason Home Prices Are Finally Dropping
Source: Slate --- This article is from Full Stack Economics, a newsletter about the economy, technology, and public policy. In March 2021, a woman in the D.C. area put her house on the market and got 88 bids—including 76 all-cash offers and 15 from people who hadn’t...
Zillow lays off 300 employees in latest workforce shift
Source: Tech Crunch --- Zillow has laid off about 300 employees as it is shifting focus toward technology-related positions in the company, TechCrunch has learned from sources and confirmed with the company over e-mail. The Seattle-headquartered online real estate...
Here’s Where the World’s Largest Commercial Real Estate Owner Sees Promise
Source: CoStar --- Kathleen McCarthy took to the stage at the opening of the Urban Land Institute's annual fall meeting Tuesday to outline her property preferences as co-head of Blackstone Real Estate. But she spent a portion of her talk focusing on an issue more...
How to Convert a House to a Vacation Rental
Source: U.S. News --- Vacation rentals have surged in popularity in recent years. In fact, 2021 was the best year in Airbnb’s history. Bookings were up almost 50% compared with 2019, and new hosts alone earned nearly $2 billion across the past year. If you’re a...
