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Chinese property brokers despair as homebuyers sit on sidelines
Source: Financial Times --- Since the end of China’s zero-Covid policy late last year, property broker Wu Hong is so busy chasing new leads that she no longer has time to sit around playing cards with her colleagues. “Now I spend so much time talking to clients that I...
Here’s what’s happening with home prices as mortgage rates fall
Source: CNBC --- The U.S. housing market cooled off pretty dramatically last year, after mortgage rates more than doubled from historic lows. Home prices, however, have been stickier. Prices began falling last June, but are still higher than they were a year ago. Now,...
Home prices are down — but not enough to ease affordability
Source: Bankrate --- Home prices are still high. But they’re not rising quite as much. Nearly 90 percent of the country’s metro areas saw single-family home prices rise in the fourth quarter of 2022, according to the newly released Metropolitan Median Home Prices and...
Single Renters pay a ‘singles tax’ of nearly $7,000 for living alone
Zillow has uncovered a heartbreaking truth for apartment-hunting singles: Renters living in a one-bedroom on their own face a yearly "singles tax" of nearly $7,000, according to an analysis by Zillow. While singles across the country pay a high price for a solo...
Rocket Companies Announces CEO Transition Plan
ay Farner, CEO of Rocket Companies, plans to retire from his position effective June 1, 2023 after 27 years with the company. Rocket Companies is a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services...
Leading Texas Real Estate Team Forms New Company Under Sotheby’s International Realty Brand
Sotheby's International Realty has announced that Southern District Properties Group has joined the network and will now operate as Southern District Sotheby's International Realty. The addition marks the brand's continued growth in Texas and its 28th office in the...
