Sales expected to drop to lowest level since 2008, and the growing lock-in effect — the financial disincentive to sell — “will remain in a way that has not occurred in over 40 years,” economists say. Continue reading
The fall from 7.08 percent to 6.6 percent would save buyers approximately $100 a month on a median priced home, according to a report released Thursday from Redfin. Continue reading
Sales of existing homes fell 5.9 percent to a seasonally adjusted rate of 4.43 million — 28.4 percent lower than in October 2021, according to data released Friday by the National Association of Realtors. Continue reading
This week on The Real Word, Byron Lazine and Nicole White discuss the imminent mass exodus of real estate agents from the industry, lead gen myths and cryptocurrency coverage. Continue reading
This week the Broker Spotlight shines on Massachusetts luxury broker Paul E. Grover who works with discerning buyers as a closely trusted advisor throughout the region. Continue reading
Home prices could fall by 8 percent, but rising mortgage rates and a “mild recession” will blunt the savings in buyers’ pockets, according to Capital Economics’ new U.S. Housing Market Outlook. Continue reading
The decline in housing starts, released Thursday by the U.S. Census Bureau. was not as dramatic as a decrease posted in September when starts plunged 18 percent. Continue reading
The larger the sails, the larger the base needs to be. A strong hull and mast provide the necessary foundation to harness the wind. The rudder determines the course and keeps the boat on course. Continue reading
While purchase loan applications were up 4 percent week over week, there’s still “very little refinance incentive with rates so much higher than last year,” MBA economist says. Continue reading
Central bank policymakers are trying to tame inflation while avoiding a deep recession. The home market could throw a wrench in those plans. Continue reading