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Mortgage Rates Might Have Peaked, Experts Say. What That Means for You
Source: NextAdvisor --- Mortgage rates have doubled since the start of 2022, slamming the breaks on a superheated housing market. But is 7% as high as they’re going to go? Maybe. “We probably have seen peak mortgage rates unless there is some other major shock to the...
Q&A: UW researchers find privacy risks with 3D tours on real estate websites
Source: UW News --- Virtual 3D tours on real estate websites, such as Zillow and Redfin, allow viewers to explore homes without leaving the comfort of their couch. Sometimes the homes in these tours are staged, but other times they contain evidence of current...
‘Who has the power in today’s housing market?’ Local real estate experts weigh in
Source: KREM 2 News --- SPOKANE, Wash. — It can feel like the housing market is constantly changing. Taking a snapshot of the market in both eastern Washington and north Idaho Fall 2022, who do realtors say is on top? Buyers or sellers? Our local real estate...
Will More Homes Hit the Real Estate Market in 2023?
Source: The Motley Fool --- There's a reason so many people have struggled to buy a home over the past two years. Since the latter part of 2020, the real estate market has sorely lacked inventory. And while housing supply has picked up to some degree in recent months,...
Home values are down, but home costs are up. Clearly, the housing market’s in flux
Source: Bankrate --- Home prices are up again. Only not as much. The national median price for an existing single-family home price stands at $398,500 — an 8.6 percent year-over-year increase, according to the National Association of Realtors’ (NAR)...
U.S. housing prices could plunge 20%, Dallas Fed warns
Source: CBS News --- America's home prices could plunge as much as 20% due to the sharp rise in mortgage rates in 2022, which are drastically increasing home ownership costs and "boost the odds of a severe house price correction," according to research from the...
