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Real estate agents flocked to the profession in 2021. Will the trend continue?
Source: USA Today--- As the pandemic housing market was booming, so was the interest in a career selling real estate. Membership in the National Association of Realtors grew from 1.48 million at the end of 2020 to 1.56 million at the end of 2021, according to a new...
Homebuyers are canceling deals at the highest rate since the start of the pandemic
Source: CNBC --- Americans are canceling deals to buy homes at the highest rate since the start of the Covid pandemic. The share of sale agreements on existing homes canceled in June was just under 15% of all homes that went under contract, according to a new report...
Should I wait for real estate prices to crash before I buy a house? Here are 3 simple reasons why this housing downturn is nothing like 2008
Source: Yahoo Finance --- Two years in, this decade has already brought a global pandemic, record-setting inflation, rising interest rates and a country more divided than ever before. So why not a housing crash too? Americans who lived through the 2008 crisis may be...
The Drop in Mortgage Rates Brings Good News for Homebuyers
Source: Keeping Current Matters --- Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this...
Homeownership just got 5% cheaper as mortgage rates fall off a cliff
Source: Yahoo Finance --- U.S. mortgage rates fell sharply and for the second straight week as monetary policies meant to slow the economy take hold of the housing market. The rate on the popular 30-year fixed mortgage hasn’t fallen this much since December 2008, a...
Mortgage rates just saw their biggest drop since 2008: Two reasons why that’s not good news.
Source: USA Today --- Earlier this week, Freddie Mac reported that mortgage rates had fallen rapidly over the course of the week. The government-sponsored entity that buys mortgages on the secondary market tracks trends in mortgage rates. Its data showed that the...
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