The housing slowdown we’ve been anticipating for months is here. The big picture: Home sales are slowing down, and some of the pandemic era’s hottest “Zoomtowns” — sleepy areas where remote workers pushed up real-estate prices — are already seeing price drops. Why it matters: The idea of a real estate downturn might seem scary, especially […]
The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of the country that are on sale right now, according to new data. Sellers slashed home prices in June in areas that saw red-hot price appreciation earlier in the pandemic, including Reno, Nev., Austin, Texas, and […]
The pandemic spurred millions of Americans to abandon city life, fleeing to the ‘burbs. A new report highlights a novel destination for would-be homeowners to consider: The R.V. capital of the world. The Wall Street Journal/Realtor.com Emerging Housing Markets Index, released Tuesday, ranked Elkhart-Goshen, Ind., as the top housing market. (Realtor.com is owned by the same […]
As the real estate market boom continues across the country, demand isn’t expected to slow down in the Upstate any time soon.At the beginning of 2022, realtors told WYFF News 4 that it was tough to keep houses on the market.“It may slow down everywhere else, but not here,” Palmetto State Home Mortgage owner Shawn […]
Katrina Campins weighs in on the recent slowdown in the real estate market and explains what’s behind it. Luxury real estate agent Katrina Campins argued Wednesday that “the stock market is going to be an indicator of what happens in the real estate market.” The Campins Company founder stressed clients have been impacted by the stock market, which, […]
If you feel a bit of whiplash hearing the varying takes on the housing market right now, you’re not alone. Home prices are still rising—but not as much! Mortgage rates are generally up—but recently they’ve held below 6%! (See the lowest mortgage rates you can get now here.) There are bidding wars galore—but not everywhere! […]
As the US housing market starts to cool, researchers say these cities are primed for a price drop If you’ve been squeezed out of the tight housing market over the past couple of years waiting for the opportunity to buy, you might finally be getting your chance – and some places are already looking more […]
While Monroe County has experienced increased market values and held steady, othering neighboring counties in the Poconos are now seeing small decreases in their housing market values. The market in the Poconos is also experiencing a tight supply, due to the increasing number of investors driving up home prices. Becky Freeman has been a realtor […]
Data: Redfin analysis of MLS data; Chart: Axios Visuals Elon Musk isn’t alone in trying to back out of a deal. Nearly 15% of pending home sales failed to close in June, a new post-pandemic high according to an analysis of MLS data that Redfin released Monday. Why it matters: This is a sign of […]
Jim Morrison — Boston.com Correspondent July 7, 2022 9:32 pm There were 11,184 homes available for sale on the local Multiple Listing Service at the end of June, a number that has been slowly but steadily rising since March after beginning the year at historic lows. This — coupled with rising mortgage interest rates and […]
