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Colorado Springs housing market sees prices drop fast
Source: Fox 31 News --- Several U.S. cities where home prices skyrocketed due to an influx of new residents during the pandemic are now seeing prices drop quickly. Real estate experts at Redfin looked at year-over-year data back in February and then again in October...
California’s housing market is cooling off faster than any other US state, even though it’s still really costly to buy a home there
Source: Insider --- Housing affordability tanked in California this year. But the state's stratospherically-high home prices have also led to it witnessing some of the biggest drops in median sale prices since much of the US housing market peaked earlier this year....
Who gets higher real-estate prices, owners or agents?
Source: Washington Post --- It’s time to take a few steps back, build up a head of steam and dive headfirst into our favorite descriptive data sets and reader questions. Here’s the latest Data Dive! Owners vs. agents: Who sells it best? Do for-sale-by-owner sellers...
Reuters poll: U.S. house prices to fall 12% peak to trough – analysts
Source: Hellenic Shipping News --- A retreat in U.S. house prices will extend into next year, although the expected 12% peak-to-trough drop predicted by analysts polled by Reuters would be just about one-third as severe as the last market correction 15 years ago. Such...
Here’s how much US home prices will plunge in current market bubble
Source: New York Post --- US home prices will likely have to decline by as much as 20% over the course of a multi-year correction before the housing sector can get back on track with historical trends, a research firm warned this week. The most recent correction...
Fannie Mae, Freddie Mac to back mortgages over $1M
Source: Fox Business --- The Federal Housing Finance Agency (FHFA) announced new conforming loan limits for 2023, meaning homebuyers will now be able to get larger mortgages backed by Fannie Mae and Freddie Mac. After the FHFA’s third quarter House Price Index...
