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Home sales in Utah hit ten-year low in June
Source: Utah Business --- Sandy—Higher mortgage interest rates are slowing home sales. Home sales of all housing types fell to 1,344 transactions in June in Salt Lake County, the lowest number of home sales in Utah for a June month in a decade and 27 percent lower...
Expert Housing Market Forecasts for the Second Half of the Year
Source: Keeping Current Matters --- The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s...
Home Supply Is Up For The First Time In Nearly 3 Years
Source: Redfin --- High mortgage rates are keeping homebuyers on the sidelines, leading to declining home sales and a build-up of supply. The number of homes for sale nationwide in June rose 2%. That’s the first annual increase since July 2019, before the...
Real Estate’s Hottest Markets Reveal a Seismic Shift in Where Homebuyers Want To Live—and a New No. 1
Source: Realtor --- The summer temperatures are sizzling, but America’s once-hot Western real estate markets are on ice. While the warmer months generally see a decline in homebuyers making the move to temperate Western regions, a new report by Realtor.com® reveals...
Five things to know about the next US housing crisis
Source: Aljazeera --- As real estate in the United States remains strong despite rising interest rates, market analysts interviewed by Al Jazeera predict that the next housing crisis will centre around Americans locked out of homeownership. “That’s our big problem...
These 10 U.S. real estate markets are cooling the fastest: Here’s what to know if you’re a prospective buyer
Source: CNBC --- After staggering growth during the pandemic, the U.S. housing market is starting to cool — and it’s happening fastest along the West Coast. The quickest-cooling real estate market is San Jose, California, according to a new Redfin analysis, which...
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