The 2023 Housing Market Is Going Through Turmoil!
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A report from Mansion Global. "Austin, Texas has cooled faster than any other major U.S. metro over the past year, according to the report. The city’s median price plummeted 13% year over year in February. Austin leads a trend where…
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A report from DS News. "Auction.com, a real estate auction site offering existing and aspiring investors access to (mostly) distressed assets, generated very revealing information about the state of real estate assets throughout 2022. Over the year, buyer behavior began…
A report from Yahoo Finance. "To say home refinancing activity is a sliver of what it was two years ago is no exaggeration. 'Lenders are hurting. We still see layoffs on a monthly basis,' Jason Sharon, owner and broker at…
A report from the Orange County Register. "When times get tough in homes sales, watch what the homebuilders are doing. Take Landsea Homes, a small builder that blossomed in California. It’s moving its headquarters to Texas as part of a…
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 the Daily News Record. "Next week, ownership of the nearly 81-acre and still largely vacant site of the planned Summit Crossing subdivision on the north end of town could change hands during a foreclosure sale at a…
A weekend topic starting with Real Clear Markets. "Arthur Burns, Chair of the Federal Reserve from 1970 to 1978, publicly regretted afterward that he had lacked the spine to do what was necessary to get the Great Inflation of the…