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Putting the real estate market into perspective
Source: Toronto Sun --- In so many ways, we rely on the media to provide us with information about housing markets in this hectic world. Readers and viewers, however, should look at the big picture and put news in perspective. We hear a lot about rising interest rates...
Why is there a real estate crisis unfolding in China?
Source: Marketplace --- China’s real estate sector has a debt problem. Large property developers like the embattled company Evergrande have racked up massive amounts of debt, leading to construction stoppages and lots of angry homebuyers. Amid the turmoil, buyers...
Mortgage rates fall sharply after negative GDP report and Fed’s latest hike
Source: CNBC --- Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower. The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on Wednesday, when the Fed announced its latest rate...
California Home Sales Slide 20 Percent Annually in June
Source: World Property Journal --- According to the California Association of Realtors, sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 344,970 in June 2022. California's June home sales pace was down 8.4...
A Real Estate Professional Helps You Separate Fact from Fiction
Source: Keeping Current Matters --- If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from...
The nation’s housing market is on a correction course
Source: Housing Wire --- Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experienced over the past year, according to the recently released Federal Reserve Beige...
Buyers and sellers are feeling a shift in the housing market
Source: Marketplace --- In June, pending home sales fell 8.6% from the previous month, according to the National Association of Realtors. That’s the latest sign that the frenzied housing market we’ve come to know during the pandemic is finally cooling off. So what’s...
‘We’re heading into a housing recession’: Here’s what the NAHB CEO sees in real estate right now — and why it spells big trouble for the economy
Source: Yahoo Finance --- Housing, which is a key segment of the national economy, looks extraordinarily weak right now, according to a recent report by the National Association of Home Builders (NAHB). “We’re heading into a recession,” NAHB CEO Jerry Howard...
The housing slowdown is here
Source: Axios --- The housing slowdown we've been anticipating for months is here. The big picture: Home sales are slowing down, and some of the pandemic era's hottest "Zoomtowns" — sleepy areas where remote workers pushed up real-estate prices — are already seeing...
Home prices are being slashed in these 10 cities as real-estate market cools
Source: Marketwatch --- The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of the country that are on sale right now, according to new data. Sellers slashed home prices in June in areas that saw red-hot price...
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