Another Factor Contributing To The Decline Is The Exodus Of Residents
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A report from CNBC. "Diana Olick: Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Applications to refinance a home loan fell 6% for…
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A report from Realtor.com. "According to Realtor.com®’s December housing data, the housing market continued to cool, with inventory and time on market increasing and listing price growth dropping below 10% for the first time in a year. There were 54.7%…
A report from Market Watch. "'A few markets may see double-digit price drops, especially some of the more expensive parts of the country which have also seen weaker employment and higher instances of residents moving to other areas,' said Lawrence…
It's Friday desk clearing time for this blogger. "Hawaiʻi’s luxury home market experienced a 22% decline in the number of sales last year compared with 2021. 'It’s not quite as doomsday as people think,' Hawaiʻi Life CEO Matt Beall says…
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A report from ABC 15 in Arizona. "'Home prices are now down 8% in Phoenix compared to the 2022 spring peak, which is twice as large as the decline in prices nationally, but still lower than declines in the Bay…
A report from the Arizona Republic. "As interest rates have risen nationally, housing sales prices have fallen about 13% in the Phoenix metro since the peak in May 2022, said Danny Court, partner and senior economist with Elliott D. Pollack…