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37% of real estate agents in the US couldn’t afford to pay their rent in October — another bad sign for the housing market. Here are 3 key takeaways for sellers right now
Source: Yahoo! --- As of September, the number of newly listed homes had dropped 20% from the year before and homes are lingering on the market for 32 days — 13 more days than the year before, according to analysis from Redfin. But if you need yet another sign the...
Housing Market Predictions For The Next 5 Years. What Return Can You Expect?
Source: Forbes --- Key takeaways The housing market is a hot topic right now, and after experiencing rapid growth over the pandemic years it looks to now be slowing down. Experts are expecting real estate values to fall over the next 12 to 18 months, before they...
NAR names Utah Realtor as 2023 president
Source: Atlanta Agent Magazine --- The National Association of REALTORS® named Spanish Fork, Utah, Realtor Kenny Parcell as its 2023 president at the NAR NXT convention in Orlando, Florida, this week. Parcell, who is preceded by 2022 President Leslie Rouda Smith, is...
Evidence Builds For Painful Housing Recession
Source: Forbes --- Housing market sentiment is at lows we haven’t seen since the 1980s. Inventory metrics are moving in the wrong direction, and mortgage rates have risen back to levels from before the financial crisis. How bad will the housing market get? Falling...
What a housing market correction could mean
Source: The Hill --- The U.S. housing market could be heading toward a correction after more than two years of massive price growth that has more recently been offset by the Federal Reserve’s attempt to curb inflation by raising interest rates. The central bank’s...
‘Zombie Debt’: Homeowners face foreclosure on old mortgages
Source: Centre Daily Times --- Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete, who refinanced her two-family home...
