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The California exodus continues as residents head south of the border
Source: CNBC --- More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington. And a rising number of former Californians are migrating out of the country altogether and...
I’m the Chief Economist for the National Association of Realtors. Here Are 6 Things To Know About the Housing Market Now
Source: Realtor --- As mortgage rates inch upwards (you can see the lowest mortgage rates you may qualify for here) and home prices keep climbing, many aspiring buyers are wondering: What should I know about the housing market now? So—as part of our series where we...
These 40 ‘overvalued’ housing markets could see 15% to 20% home price declines if a recession hits
Source: Fortune --- Unlike the housing bubble that popped in 2008, the pandemic housing boom isn’t underpinned by a frenzy of speculation, Moody’s Analytics chief economist Mark Zandi says. While home flipping has certainly ticked up during the pandemic, he says, we...
How hot is the St. George area housing market? Median asking price rises to $762,500
Source: The Spectrum --- A typical Washington County home listed for $762,500 in May, up 0.2% from a month earlier, an analysis of data from Realtor.com shows. The median list home price in May was up about 15.7% from May 2021. Washington County's median home was...
No One Saw It Coming: How a Housing Market Curveball Has Completely Changed What Buyers Can Expect in 2022
Source: Realtor --- Alot can change in just six months. Russia invaded Ukraine. The latest season of “Stranger Things” dropped on Netflix. And the housing market, which received a turbo boost from the COVID-19 pandemic, has begun to shift. Surging mortgage interest...
More Americans Choose Real Estate as the Best Investment Than Ever Before
Source: Keeping Current Matters --- Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans...
