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Is There Going To Be A Housing Market Crash In 2023?
Thursday, December 29, 2022 - 1:10pm | 586If you’re waiting for a housing market crash, or a correction in prices that will make your dream home more affordable, the data shows you’re not alone. Single-family home sales fell for the 10th straight month in November to less than 4.1 million — down 3.5% from the same...
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Will Homeownership Soon Be A Thing Of The Past? The Strategy Millennials Are Using To Enter Real Estate Market
Monday, December 26, 2022 - 12:52pm | 477As the economy teeters on the brink of a recession, potential home buyers wrestling with high-interest rates, low affordability, and overpriced homes are asking themselves how to build the wealth they need to purchase their first primary residence. According to a consumer insights report issued by...
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Why This Housing Downturn Isn't Like 2008
Wednesday, December 21, 2022 - 11:38am | 818Prior to the 2008 financial crisis, lenders paid little attention to verifying the income of mortgage applicants. This contributed to the widespread loan defaults and the growth of "jingle mail," or the practice of walking away from a mortgage by mailing the keys back to the lender. They...
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This Is The Real Reason Housing Is Unaffordable, Expert Says
Tuesday, December 20, 2022 - 12:46pm | 601While many predictions indicate that home prices will drop next year as home sales stall, one expert predicts that housing will continue to be out of reach for many prospective purchasers. What Happened: Marc Norman, associate dean at the NYU Schack Institute of Real Estate said, "We have a...
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'We're Not In A Frenzy Anymore,' Real Estate Agent Says Amid Home Sellers Pulling Properties Off The Market
Tuesday, December 6, 2022 - 2:07pm | 608According to Redfin Corp (NASDAQ: RDFN) data, a record number of houses are being delisted as sellers confront a significant reduction in interest. During the three months ending Nov. 20, 2% of houses for sale were delisted without being sold, according to Redfin. This compared to 1.6% a year...
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Jeff Bezos Backed Airbnb Before Its IPO, He Also Invested In This Company
Tuesday, December 6, 2022 - 10:52am | 469Back in 2011, Amazon.com, Inc (NASDAQ: AMZN) founder Jeff Bezos invested in Airbnb Inc’s (NASDAQ: ABNB) Series B through his personal venture-capital firm, Bezos Expeditions. According to Pitchbook data, the round totaled $112 million in fundraising for Airbnb, with investments from...
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How Much Must You Earn To Buy A Home In 2022? Plus, Prices Fell In These 10 Cities
Monday, December 5, 2022 - 12:51pm | 503A homebuyer must earn $93,684 to afford the $2,342 monthly mortgage payment on the typical U.S. home. That's down 14.51% from one month ago, and up 21.37% from $73,668 a year ago. This is owing to mortgage rates more than doubling in the last year, along with consistently high property prices....
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Mortgage Rates Fall Again, But It's Not Enough For Morgan Stanley
Wednesday, November 30, 2022 - 1:47pm | 621According to data issued on Tuesday by Mortgage News Daily, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell for a third week in a row, from 6.67% to 6.49%. While this is good news for potential buyers holding off on making a purchase, analysts...
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'2022 Was The Year The Fed Created The Biggest Renter Boom In America's History': Grant Cardone Shares How Investors Can Make The Most Of This Market
Wednesday, November 30, 2022 - 1:28pm | 853According to Grant Cardone, “with the Fed raising interest rates it has sidelined home buyers, which means prices are going to pull back. If you are an end user, looking to finally enter the housing market now is a great time to buy a house 15%-20% cheaper than it would have been at the...
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Jeff Bezos' Bet On Housing Slide — His Single-Family Rental Play Appears Well-Timed
Tuesday, November 29, 2022 - 10:43am | 575It should be obvious that billionaires don’t accumulate wealth by accident. Their success is predicated on observation and savvy investment, and a privileged background helps. Billionaires like Microsoft Corp. co-founder Bill Gates likely saw an opportunity for land investment to return...
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Home Sales Unexpectedly Jump In October: Do Buyers Not Care About High Interest Rates?
Wednesday, November 23, 2022 - 4:14pm | 597Although rising mortgage rates and home prices have severely reduced affordability this year, sales of new single-family homes in the U.S. unexpectedly increased in October. The Commerce Department said on Wednesday that new home sales increased 7.5% last month to 632,000 units on a seasonally...
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Will Homeownership Soon Be A Thing Of The Past? The Strategy Millennials Are Using To Enter Real Estate Market
Tuesday, November 22, 2022 - 10:32am | 372As the economy teeters on the brink of a recession, potential home buyers wrestling with high-interest rates, low affordability, and overpriced homes are asking themselves how to build the wealth they need to purchase their first primary residence. According to a consumer insights report issued by...
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When Will The Housing Market Bottom? Ryan Frazier Weighs In
Monday, November 21, 2022 - 1:51pm | 620The U.S. housing market is now slowing down after a record-breaking run that saw home values soar to new highs and mortgage rates drop to historic lows. Although demand and price growth are slowing, analysts and housing economists predict that any correction would be minor. Ryan Frazier, CEO of...
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Predictions For A 20% Drop In Home Values — Here's A Long-Term Strategy
Friday, November 18, 2022 - 11:54am | 659Housing market predictions are appearing everywhere, but that’s what they are – predictions. You could also call them best guesses. A wide array of analysts, investors and real estate companies have been predicting that housing prices will drop from 5% to 25% by next summer. The...
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A Sign The Housing Market Has Hit Bottom? JP Morgan Plans To Acquire $1 Billion In Single-Family Rentals
Thursday, November 17, 2022 - 12:54pm | 534There’s a new player in the single-family rental market — a joint venture between Haven Realty Capital and institutional investors advised by JPMorgan Chase & Co. (NYSE: JPM) — that aims to acquire and develop $1 billion worth of single-family rental communities. The...