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Real Estate Markets Dictate Adding or Waiving Appraisals
Source: Realty Biz News --- When you set out to purchase a home as buyer you will eventually find a property you love. At that point, you’ll sit down and construct on offer to purchase. The offer will spell out all of the common terms and conditions such as the offer...
Homebuyers are canceling deals at the highest rate since the start of the pandemic
Source: CNBC --- Americans are canceling deals to buy homes at the highest rate since the start of the Covid pandemic. The share of sale agreements on existing homes canceled in June was just under 15% of all homes that went under contract, according to a new report...
Should I wait for real estate prices to crash before I buy a house? Here are 3 simple reasons why this housing downturn is nothing like 2008
Source: Yahoo Finance --- Two years in, this decade has already brought a global pandemic, record-setting inflation, rising interest rates and a country more divided than ever before. So why not a housing crash too? Americans who lived through the 2008 crisis may be...
Housing Market Competition in U.S. Eases This Summer
Source: World Property Journal --- Based on new data from national property broker Redfin, after years of tipping heavily in sellers' favor, the scales of the U.S. housing market are finally balancing out. Soaring housing costs caused many house hunters to drop out in...
The Bay Area Housing Market Is Cooling More Rapidly Than Anywhere Else in the Country
Source: Redfin --- Housing markets in northern California are cooling faster than anywhere else in the U.S. amid high mortgage rates and a faltering stock market. Five of the 10 U.S. housing markets that have cooled fastest this year are in northern California–San...
‘Signs of a tipping point.’ Homebuyers now have about 20% more homes to choose from compared to a year ago, as home prices increasingly get cut
Source: Marketwatch --- “Signs of a tipping point toward a greater balance between buyers and sellers are increasing,” wrote CoreLogic Deputy Chief Economist Selma Hepp in a statement in June. It was a quote that caught our eye, as we’ve heard from plenty of aspiring...
The housing market, at last, appears to be cooling off
Source: Washington Post --- After a stunning rise in home prices enriched sellers and keyed up buyers into frantic bidding wars, there are signs that the U.S. housing market is starting to cool amid a surge of new inventory and higher interest rates. “For sale” signs...
What’s Up With the Crazy Housing Market?
Source: NY Times --- After a two-year boom, the United States housing market finds itself at a pivotal moment — but pivoting to what, exactly? This spring should have been a busy time for home sellers. Instead, the season was a dud, stalled by a dramatic spike in...
6 of the 10 housing markets in America most vulnerable to a downturn are in this state
Source: Marketwatch --- Six of the 10 counties most vulnerable to a downturn are in New Jersey, according to a Special Housing Risk Report — which looked at the highest concentrations of the most at-risk markets in the first quarter of 2022 — released by ATTOM, a real...
The housing market, at last, appears to be cooling off
Source: The Washington Post --- After a stunning rise in home prices enriched sellers and keyed upbuyers into frantic bidding wars, there are signs that the U.S. housing market is starting to cool amid a surge of new inventory and higher interest rates. “For sale”...
