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Homeowners lost more than a trillion dollars in equity
Source: Axios --- The housing market has returned to earth. Home sellers can't just name a price and expect buyers to pay; meanwhile over a trillion dollars in wealth in the form of home equity has evaporated. Why it matters: Think of this less as a crash and more as...
Home prices rose almost everywhere in the US this summer
Source: CNN Business --- In case you needed more evidence of how much home prices have skyrocketed: Even as the housing market was cooling over the summer, prices still rose in 98% of US markets, according to a new report. From July through September, home prices...
Redfin CEO: ‘The housing market could get worse’
Source: Geek Wire --- The U.S. housing market continues to show signs of weakening, impacting Seattle real estate tech companies such as Zillow Group and Redfin. And the trend may continue. “We think that the housing market could get worse,” Redfin CEO Glenn Kelman...
What Is a Housing Market Price Correction?
Source: U.S. News --- As a homeowner or would-be homeowner, news of housing market conditions can feel stressful – especially when you haven’t endured those conditions in the past. But not all terms are as complicated as they may seem, or as scary for you as a...
How to Financially Prepare for Buying a House
Source: U.S. News --- Getting to a point where you feel emotionally and mentally ready to buy a house can be a journey on its own. But your work doesn't stop there. Most homebuyers don't have a lump sum they can use to buy a home in one cash payment. Instead, buyers...
It’s the worst time to buy a home in a generation, U.S. survey shows
Source: Seattle Times --- U.S. consumers are seeing homebuying conditions at their worst in a generation as mortgage rates soar in response to the Federal Reserve’s aggressive tightening cycle. About 4 in 5 consumers now describe buying conditions for homes as bad, a...
