A report from Market Place. "'Mortgage payments are going to be higher. They’re up more than 40% now from what they were last year for the median-priced home,' said Daryl Fairweather, chief economist at Redfin. Demand is starting to fall,…
A report from Fox Business. "'We are starting to see more and more potential buyers walk away and say they just can’t afford to pay these prices,' National Association of Home Builders Chairman Jerry Konter, a builder and developer from…
A report from Go Banking Rates. "'For buyers, it will be a welcome relief because it has been hell over the last few years,' said Bill Gassett, a realtor based in Hopkinton, Massachusetts. 'For sellers, they will have missed out…
A report from KCRA in California. "Buyers and sellers across the Sacramento region are bracing themselves as interest rates peak after years of relief. 'The housing market has been completely bananas for the beginning of the year, unreal price growth…
A weekend topic starting with the Los Angeles Times in California. "You’d be forgiven for passing this utterly unimpressive 1,800-square-foot house without a second look, but for decades it was everything to a large family headed by two immigrants who…
A weekend topic starting with Go Local Prov. "In Rhode Island, GoLocal reported that in March that Santander Bank was expected to lay off nearly 200 employees. The layoffs by Santander are taking place across the globe. 'What’s behind banking…
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…
A report from Candy's Dirt in Texas. "'We’re seeing the results of buyer exhaustion. These poor guys and gals are no longer willing to be one of 40 offers and pay so far beyond an already inflated asking price,' said Travis…
A report from Bloomberg. "Zillow’s market cap approached $US50 billion, making CEO Rich Barton’s stake worth more than $US1 billion. In late August 2021, he boasted to investors that customers’ biggest complaint with Zillow Offers was it was too good…
A report from Business Insider. "The top themes of the homebuilder survey were a slowdown in entry-level housing demand due to 'payment shock,' investors pulling back, and a ripple effect of rising rates moving up market, according to Rick Palacios…