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‘Dramatic increase.’ Foreclosure filings are up more than 150%. Here’s what that tells us about the housing market
Source: Marketwatch --- The number of foreclosure starts — which is when the first public foreclosure notice happens — is up 219% since the start of the year, according to real estate data analytics firm ATTOM Data Solutions’ midyear 2022 U.S. foreclosure market...
Las Vegas’ housing market cooling faster than others
Source: Review Journal --- In more ways than one, Las Vegas’ housing market is getting doused with cold water. People are buying fewer homes, sellers are slashing their prices, and availability is soaring. Southern Nevada is far from alone in seeing its once-sizzling...
Redfin: These housing markets are the most at risk of falling home prices
Source: Fortune --- Homebuyers had enough. Spiked mortgage rates on top of record home price appreciation—up 42% since the onset of the pandemic—pushed monthly mortgage payments to a level that is simply unattainable for tens of millions of would-be buyers. As more...
A profitable tax loophole for real estate could be axed in Manchin’s new deal to ease inflation
Source: Business Insider --- A surprise spending deal by Democrats might lead to heftier tax bills for some ultra-wealthy real estate investors. On Wednesday night, key centrist Democrat Senator Joe Manchin released a statement that reverberated throughout the halls...
Putting the real estate market into perspective
Source: Toronto Sun --- In so many ways, we rely on the media to provide us with information about housing markets in this hectic world. Readers and viewers, however, should look at the big picture and put news in perspective. We hear a lot about rising interest rates...
Why is there a real estate crisis unfolding in China?
Source: Marketplace --- China’s real estate sector has a debt problem. Large property developers like the embattled company Evergrande have racked up massive amounts of debt, leading to construction stoppages and lots of angry homebuyers. Amid the turmoil, buyers...
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