It' Friday desk clearing time for this blogger. "Homebuyer demand softened further over the last several weeks, according to Redfin. 'Buyers are becoming more discerning. They’re less willing to overpay because now they’re only facing three or four competitive offers…
A report from The Hill. "'Higher prices and higher mortgage rates have boosted the required monthly payment to buy a home; it’s up by more than 40 percent from a year ago. This affordability challenge will shrink the buyer pool.'…
A report from Aaron Layman in Texas. "It’s pretty amazing to see the Powell Fed stand by while the housing market bubbles over. The median price of a Denton home soared 34.8% from the same time a year ago to…
A report from Richmond Biz in Virginia. "Joe Dunn, a veteran local mortgage executive, said as of last week around 135 of George Mason Mortgage’s more than 300 employees have since CMG Financial’s poaching began last month. Dunn said the…
It's Friday desk clearing time for this blogger. "Denver-area realtors are seeing something that hasn’t happened in nearly a decade: the market is starting to cool off. Sunny Banka with the Colorado Association of Realtors already seen this materialize with…
A report from the World Property Journal. "Based on a new report from Redfin, a fast-growing share of U.S. home-sellers are dropping their prices. 'The slowdown over the last two weeks has felt significant,' said Seattle-area Redfin real estate agent…
A report from CBS Boston in Massachusetts. "Like the price of just about everything, the price to finance a home is going up. 'It has a lot to do with inflation,' said IND Mortgage founder Dick Lee. 'Inflation is the…
A report from Mortgage News Daily. "Black Knight's latest Mortgage Monitor report was released this morning. One of the two key pieces of additional data is the average mortgage payment associated with the average-priced home. After all, rates are lower…
A report from the LA Business Journal in California. "Agents agree that a lot of the reason we are seeing more mansions sell at auction is that properties are simply listed too high and in some cases, sellers want to…
A report from Bloomberg. "U.S. home prices shows signs of becoming 'unhinged from fundamentals' like they did in the housing bubble that preceded the 2008 crash, according to a blog post by the Dallas Federal Reserve bank. 'Our evidence points…