Newsfeed: Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers.
Real Estate Guys Radio Show
Newsfeed: Existing-Home Sales Slid 5.4% in June
Existing-home sales dropped for the fifth straight month in June, according to the National Association of REALTORS®. Three out of four major U.S. regions experienced month-over-month sales declines and one region held steady. Year-over-year sales sank in all four regions.
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Newsfeed: US Existing Home Sales Plunge In June As Affordability Collapses
On the heels of ugly homebuilder sentiment and tumbling single-family home starts and permits, analysts expected existing home sales to extend their recent decline with a 1.1% MoM drop in June.
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Newsfeed: Florida Claims All Top 10 Markets for Rent Growth
The top 10 markets for annual rent growth have something major in common: they’re all in the Sunshine State. In the year-ending 2nd quarter 2022 …
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Newsfeed: US Homebuilders Abandon Single-Families In June As They Brace For Rate Shock
With homebuilder sentiment collapsing at its fastest rate on record in July (ex-COVID lockdowns), one could be forgiven for thinking these same homebuilders …
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Newsfeed: Market-Rate Apartment Renters Spending 23% of Income Toward Rent
COVID-19 thrusted rental housing affordability into the spotlight. Headlines warned of a pending eviction tsunami. Policymakers moved to provide backstops …
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Newsfeed: Will Falling Oil Prices Alter The Fed’s Aggressive Rate Hike Plan?
Over the past two months, the oil price rally has seriously lost momentum, with prices remaining range-bound as fears intensify that the global economy could be headed for a recession.
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Newsfeed: Bezos-Backed Arrived Homes Released Its Largest Batch Of Single-Family Rental Offerings To Date
The real estate investment platform Arrived Homes, backed by Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos …
Newsfeed: Housing: It’s getting expensive to tap record home equity
Americans are sitting on tons of home equity, but the cost to tap it is getting too high. In the first quarter of 2022, total home equity for all owner-occupied properties grew by $1.6 trillion to $39.7 trillion from the previous quarter.
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Newsfeed: Homebuilder Confidence Collapses In July
The index of builder sentiment finally gave way and plunged to 55 in July from 67 last month, seventh straight monthly decline and lowest since May 2020.
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