Homebuyers Are Canceling Deals At A Record Pace Due To Housing Affordability Issues Home buyers are canceling sales at record pace. Prospective homebuyers are grappling with affordability issues. However, a Redfin report states the shifting market conditions are allowing buyers to increase their bargaining power....
Home Buyers Are Abandoning Purchase Deals In Record Numbers Thanks To Economic Uncertainty Americans home buyers are canceling deals to buy homes at record numbers. Redfin is reporting that 15% of all existing homes under contract were canceled. That is the highest share since early...
Lenders Have Until September 5th To Comply With New FHA Guidelines Ignoring COVID-Era Employment Lapses New FHA guidelines loosen the requirements to qualify for a loan if they lost work during the pandemic. Beginning September 5th, lenders are to ignore job gaps during the Covid-19...
South Florida Home Sales Plunge In May For The Second Month In A Row As Prices Continue To Rise. South Florida home sales plummeted again in May. As a result, it’s become evident that South Florida isn’t immune to the effects of rising interest rates...
Luxury Housing Market Sees High-End Buyers Flee Thanks To Rising Interest Rates And Volatile Stocks The luxury housing market is finally bust. After a record breaking two year run, the party is abruptly over. Real-estate agents in places like New York, Los Angeles, and the...
FHLMC AKA Freddie Mac Economists Predict The Arrival Of The Biggest Housing Contraction Since 2006 The pandemic’s housing boom is finally running on fumes. Now, Freddie Mac economists are predicting the arrival of the biggest housing contraction since 2006. They point to three factors: Home...