New Build Market Will Be The First To Crash
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A report from Click Orlando in Florida. "A market once saturated by bidding wars is now seeing fewer buyers closing deals. In Orlando, home sales dropped 18.3%, with the Orlando Regional Realtor Association reporting 2,717 homes had been sold in…
A report from Buzz Feed. "'I almost feel like it’s a scam or a trick to get me more into debt. I worked so hard to get my credit up to even be able to apply for a mortgage,' Christen…
It' Friday desk clearing time for this blogger. "Housing inventory in the Austin area has reached the highest level since September 2018. Spyglass Realty CEO Ryan Rodenbeck said the market has changed so much in the last couple of months…
A report from Market Place. "Kai Ryssdal checked in with Vivian Gueler, CFO at Pacific Trust Group, a mortgage lender in Los Angeles. You said then that business for you had 'come to a screeching halt.' And one can only…
A report from Market Watch. "Prices 'might go down a little bit, but a crash I consider to be a more than 10% decline in home values, and that seems far-fetched right now,' says Daryl Fairweather, chief economist for Redfin."…
A report from Market Watch. "The tide has turned, and buyers are now backing out of deals in the Sun Belt. Once pandemic boomtowns, 15.2% of homes in cities in the Sun Belt that went under contract in August fell…
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A report from KTVB Boise in Idaho. "Jeffree Nice put his home on the market last month. 'I think it's been a little over 30 days, which is somewhat normal in these times. I guess I just missed the window,'…
A report from the Mortgage Research Council. "In July, there were 63,000 agreements for homes that were called off, about 16% of homes that were under contract, according to Redfin. That’s an increase from a revised rate of 15% in…