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…
A report from West Hawaii Today. "'For every percentage point interest rates go up, we lose 10-15% of our buyers,' said Gretchen Osgood, principal broker at Hawaiian Isle Real Estate in Kailua-Kona. With the market cooling, Osgood predicted that sellers…
It's Friday desk clearing time for this blogger. "Raymond Martin and his wife listed their home in Austin, Texas, for sale for $1.1 million in early May. They figured selling the four-bedroom, three-bath house would be 'a walk in the…
A report from USA Today. "Membership in the National Association of Realtors grew from 1.48 million at the end of 2020 to 1.56 million at the end of 2021. Kalyani Dere, a former data analytics professional, entered the field of…
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…
It's Friday desk clearing time for this blogger. "The average sale price of a single-family house in Mesa has increased 55% in two years and while home prices likely will continue to rise, mortgage rates and an apparent cooling in…
It's Friday desk clearing time for this blogger. "Four Bay Area cities got ranked among the weakest real estate markets in the nation. Some experts say this cooling of the market is all part of a normal stabilization period that…
It's Friday desk clearing time for this blogger. "In Seattle and King County, home prices in May were down substantially from a year ago. The price of the median home in Seattle dropped 5.4 %, to $784,925, compared to May…
It's Friday desk clearing time for this blogger. "'California has some of the highest taxes — the highest [priced] housing in the country,' said Jonathan Miller, CEO of Miller Samuel. 'So what you're seeing first is... a slowdown in sales…
A report from News.com.au in Australia. "A Melbourne property developer is offering what might be the best Black Friday deal going around — up to $100,000 off the price of new apartments. As the housing market cools, developers and agents…