Too many terrifying tales of investing trials and tribulations for just one episode, so this is part 1 of 2 back-to-back episodes of Halloween Horror Stories.
Podcast: Halloween Horror Stories 2022 Part One Read More »
Interest rates are soaring higher and faster than we’ve seen in recent history … With affordability plummeting and investors’ bottom lines and cash flow eroding, it’s no surprise that many are becoming more than a little hesitant …
Podcast: The Elephant in the Room – What Rising Interest Rates Mean for Real Estate Read More »
The chart, from Redfin, shows how higher mortgage rates and a pullback in buyer demand, has forced sellers to cut prices to entice bids
Analysis of Google Trends data reveals that searches for ‘real estate market crash’ exploded 284% in the United States as of September 2022 – the highest level in Google Trends history.
Newsfeed: Searches For “Real Estate Market Crash” Highest In Internet History Read More »
Buying a home in the US is the least affordable it’s been in 33 years as mortgage rates soar this year and home prices hit record highs.
With interest rates now hovering around 5%, existing-home sales are down more than 14% from last year. Some potential buyers are sitting on the sidelines until rates or prices or both decline, while sellers are hoping the market picks up again so they can get a higher price.
Newsfeed: The Fed’s Damage to the Housing Market May Last Years Read More »
Through the first 24 months of the pandemic, U.S. home prices soared 38.5%. In some markets, like Phoenix and Dallas, home prices grew by more than 50%.
Commercial real estate values have soared over the past two years, with most property sectors climbing past pre covid values by over …
The average for a 30-year loan fell to 5.3%, the lowest in a month and down from 5.7% last week, Freddie Mac said in a statement Thursday.
Newsfeed: US Mortgage Rates Plunge to 5.3% in Biggest Drop Since 2008 Read More »
Amid surging layoffs in the real estate market, slumping homebuilder sentiment, soaring rates and plunging mortgage applications, it is no surprise that analysts expected a drop in Housing Starts and Permits in May (-1.8% MoM and -2.5% MoM respectively). Those numbers were destroyed as Housing Starts crashed 14.4% MoM and Permits plunged 7.0% MoM…
Newsfeed: US Housing Starts, Permits Collapse In May Read More »