Tag Archives: Markets & Economy

Skyrocketing home prices diminish rental returns: Report

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The report found that three-quarters of counties where median home prices exceeded $250,000 saw declines in rental yields. Continue reading →

5 practices for sustaining your business through any market

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Although the circumstances of today’s real estate market may be distinct to the present moment, as seasoned professionals, we’ve navigated challenging markets before and come out on the other side, says Engel & Völkers Americas CEO Anthony Hitt. H… Continue reading →

Buyers are still fighting hard, despite costly home payments

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The monthly payment on a typical home is 50 percent pricier than it would have been a year ago, yet competition remains fierce. Continue reading →

What’s next after housing cools down? This economist has an idea

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Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months ahead might look like at Connect Now. Continue reading →

Existing-home sales dip for third month as buyers say ‘No thanks’

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Existing-home sales decreased by 2.4 percent from March and 5.9 percent from the year before as declining affordability continued to put off homebuyers, according to the National Association of Realtors. Continue reading →

Homebuyers descend upon a key battleground: the suburbs

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The pandemic-era home market has been marked by frenzied competition among buyers. But one arena in particular has been hardest-fought. Continue reading →

Competition declines for second straight month, report finds

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The dip in competition can be attributed to the increase in mortgage rates, which reached 5.3 percent in May after starting March at just 3.76 percent. Continue reading →

Pacaso responds to backlash with first-ever economic impact report

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Almost a year after streamlining its buy box to avoid median-priced homes, co-ownership platform Pacaso claims it has had a net positive impact on the destinations it operates in. Continue reading →

Construction starts dip as mortgage rates surged in April

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The slowdown in construction activity comes as the average for a 30-year loan rose to 5.3 percent last week, up from 2.49 percent a year ago, according to new data released by the US Census Bureau on Wednesday. Continue reading →