Now Anger Meets Fear
A report from the News & Observer. "Summer has warmed up in South Carolina, but the same can’t be said for its housing market. To some realtors, the higher interest rates and the higher sales prices themselves have begun to…
Many Sellers Ended Up Accepting Offers Below Prices Dreamed Up During The Height Of The Frenzy
A weekend topic starting with two reports from the Wall Street Journal. "Builders are expected to complete some 371,000 new apartments in 2020, compared to 247,000 in 2019 and 119,000 in 2010, according to RealPage. The problem is that many…
Prices Are Stuck In The Snow And The Wheels Are Spinning
A report from DS News. "What might make delinquencies rise a long decline into historically low levels after the Great Recession? Mike Rawls, EVP of Servicing for Mr. Cooper points to slowdowns in home prices across the country. 'Home price…
Knowing That The Frenzy Is Over
A report from CNBC. "Mortgage rates are around the lowest in three years, but buyers are suddenly much more cautious about purchasing a home. Competition is cooling, and consequently sellers can no longer command any price. At an open house…