Do you know the typical home value in every U.S. state? Housing Market 2023: Prices Are Now So High That Banks Are Losing Money on Mortgages Find Out: 3 Things You Must Do When Your Savings Reach […]
Musk began to jettison his residential real estate holdings in May 2020. The post Elon Musk Predicts Home Values Will Soon Be ‘Melting Down Fast’ appeared first on Weekly Real Estate News.
Aspiring first-time homeowners are sailing into fierce macroeconomic headwinds as prices and mortgage rates rise, while higher rents make it harder to save for a down payment. Why it matters: Homeownership is a foundation for middle-class […]
Miami, Phoenix, and Tampa are the top three places for New Yorkers and Los Angelenos. Miami and other Sunbelt locations, including Phoenix and Tampa, remain the country’s top destinations this year despite surges in home […]
Redfin reports soaring mortgage rates cause sales drop. The housing market saw a 8% year-over-year decline in home sales, the biggest drop since June 2020, which allowed white-hot home-price growth to cool slightly, reports online […]
Despite rising home prices, demand for housing units outstrips supply. KEY TAKEAWAYS By the end of the fourth quarter in 2021, the figure stood at $423,600 but it rose by 1.44% in the first quarter […]
Higher home prices and sharply higher mortgage rates have reduced buyer activity. KEY TAKEAWAYS Existing-home sales fell for the third straight month to a seasonally adjusted annual rate of 5.61 million. Sales fell 2.4% from […]
Zillow sees signs that a rebalancing could be around the corner, but for now the market is moving at record speed. KEY TAKEAWAYS U.S. home values continue to grow at a record pace, up nearly […]
People spent $2.8 trillion on homes last year, setting an all-time high. KEY TAKEAWAYS According to the report, at the end of 2021, prices were 50% above their highest point before the market crash in […]
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