Home sellers slashed prices in June in areas that were red-hot earlier in the pandemic, according to Realtor.com.
Newsfeed: Home prices are being slashed in these 10 cities as real-estate market cools Read More »
Analysts expected Case-Shiller Home Price acceleration to slow modestly in May (the latest available data in this heavily lagged and smoothed data set) and they were right but the slowdown is still almost comedic.
Newsfeed: Case-Shiller Home Price Growth Slowed (Marginally) In May Read More »
Amid a plunge in homebuilder confidence, record low affordability, tumbling single-family starts and permits, and multi-decade lows in mortgage applications, it is no surprise that analysts expected a 5.9% MoM plunge in new home sales in June
The tax limits generally deductions for passive activity losses (PALs) from real estate unless you can qualify as a real estate professional. To measure up, you must be able to prove that you spent enough time on your real estate activities. In a new case, Sezonov, TC Memo 2022-40, 4/20/22, the taxpayer came up short, even with the Tax Court giving him the benefit of the doubt.
Newsfeed: Real Estate Professionals Must Put in the Time Read More »
The Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control. Growth is already slowing in response to the Fed’s repeated interest rate increases, with the housing market softening, technology companies curbing hiring and unemployment claims edging up.
Newsfeed: Fed to Inflict More Pain on Economy as It Readies Big Rate Hike Read More »
About 45 percent of small business owners in the United States are freezing the hiring of new workers because of high labor costs and skyrocketing inflation, according to the Alignable July Hiring Report.
Low financing costs, excess savings, and a demand for more space during the pandemic fueled a frenzy in the housing market that sent home prices surging.
Newsfeed: The U.S. housing market has gone cold 🥶 Read More »
Blackstone, one of the most dominant real estate investors in the world, is going to dominate more after completing the biggest real estate fund of its kind. It may soon have over $50 billion to invest.
Newsfeed: Blackstone Creating Massive Real Estate Fund Read More »
Chinese investors were the most active buyers of US real estate last year among foreigners — spending a record $6.1 billion on homes mainly in Florida and California, according to the National Association of Realtors.
Newsfeed: Chinese spent $6.1B on US real estate last year Read More »
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers.