Why Opendoor Will Close
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A report from Go Banking Rates. "'Buyer’s remorse and cancellations shortly after contract are increasing. Builders state buyers are nervous about a potential recession, struggling to get comfortable with higher payments, or expecting home prices to decline,' Jody Kahn, senior…
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A report from Vail Daily in Colorado. "Michael Slevin, owner and president of Berkshire Hathaway HomeServices Colorado Properties, said even as rates rise, his firm’s brokers remain busy. 'We’re counseling sellers that the buyer pool may be diminished,' Slevin said.…
A report from the New York Post. "Fed officials seemed to oppose taking more aggressive action as recently as last month. Fed Chair Jerome Powell told reporters that half-percentage-point hikes were 'on the table' at meetings in June and July…
A report from Market Watch. "Daryl Fairweather — Redfin’s chief economist, who also worked at the Boston Fed says we’re seeing early signs that the housing market is starting to cool, at least in pricey coastal metros. 'Buyers in markets…
A weekend topic starting with KPIX in California. "Though homes across the Bay Area continue to sell for record prices, some real estate experts say the market is beginning to level off. 'I think we're seeing a little bit of…