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....
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...
Realtors See Commissions Plummet As Home Sellers Are Slashing Prices In Hot Markets As Housing Demand Drops Price drops are becoming increasingly common as home sellers are slashing their prices in some of the most popular housing markets. Redfin reports more than 20% of sellers...
Millennials Are Eagerly Awaiting A Housing Crash In Order To Afford Homes For Them And Their Families Millennials are eagerly awaiting a for a housing crash in the US. The insane housing market has squeezed nearly 3 million millennials out of the market. This is...
Post Pandemic Surging Mortgage Rates Are Driving Home Buyers From The Market Causing Prices To Plummet Surging mortgage rates are making an already tough U.S. real estate market for prospective buyers even tougher. They have faced double-digit price increases and cutthroat competition for listed properties....
The National Association of Realtors Says Existing Home Sales Plummet 7.2% For First Quarter 2022 Existing home sales plummet by 7.2% this quarter according to the NAR. This continues a seesawing pattern of gains and declines since Christmas. The NAR is say that each of...