It's Friday desk clearing time for this blogger. "Redfin economists expect the 30-year fixed mortgage rate to continue to rise steadily to 3.9% over the course of the year. For the four-week period ending January 30, the monthly mortgage payment…
A report from Mortgage News Daily. "Locks are certainly not repeating 2021 levels for January, with initial anecdotal pipeline numbers down 30-40 percent. Are you reducing costs accordingly? When the residential lending market is good, owners think they’re the smartest…
A report from NBC News. "'As we move through the year, we will see slower sales activity,' said Lawrence Yun, chief economist at the National Association of Realtors. 'Intense multiple-offer days are over… people can take their time. I think…
A report from DS News. "More than 77% of homebuyers and sellers believe there’s a housing price bubble in the area where they live, according to Redfin. 'What we’re going through right now is closer to a ripple in the…
A report from Market Watch. "Airbnb had been on track for its biggest drop ever, falling more than 13% in intradrading and becoming the worst performer in the Nasdaq 100, according to Dow Jones and FactSet. Its shares have never…
A report from Fox South Carolina. "Greenville continues to be a relocation destination as experts predict an 11% increase in home sales this year. 'We're going to be in a seller's market for decades, decades,' said Thomas Cheves, a Coldwell…
A report from CNBC. "There's a 'big risk' of real estate companies filing for insolvency when interest rates rise, said Nils Kuhlwein of consulting firm Kearney. The real estate sector had the highest absolute number of 'zombie' companies and the…
A report from Arlington Now in Virginia. "We’ve seen an upward tick in new listings by approximately 10 percent compared to last week. We’ve also tracked a nearly 400 percent increase in the number of Just Reduced properties week-over-week. In…
A report from the Idaho Statesman. "Newly constructed homes in Ada County dropped from a median price of $601,301 in November to $579,990 in December. The relative affordability that once helped attract buyers from more expensive places has partially worn…
A report from DS News. "Mortgage rates increased to 3.22%, the highest percentage since May 2020. Agents have said the potential for higher mortgage rates is motivating sellers to act quickly. 'Sellers want to get their homes on the market…