There are signs the red-hot, pandemic-era housing market is starting to cool, and that means conditions are shifting for buyers and sellers.To understand what’s happening today, realtor Melissa Quade with Coldwell Banker Realty in El Dorado Hills said it helps to look at where things stood just a few short years ago. “Twenty-nineteen, we actually … Read more
SAN ANTONIO The Federal Reserve on Wednesday instituted its largest interest rate hike in nearly 30 years, but that is not expected to slow down San Antonio’s housing market. Jack Hawthorne, CEO of Keller Williams Heritage, said the move by the feds could soften our market for potential buyers. “As weird as this may sound, … Read more
Opinions expressed by Entrepreneur contributors are their own. The housing market appears to be slowing after a pandemic-induced frenzy, and real estate firms are pivoting in anticipation of a possible downturn. As mortgage interest rates rise and home sales drop, Redfin and Compass are cutting their workforces. According to filings with the Securities and Exchange … Read more
Redfin said it would cut about 8% of its employees and Compass said it would reduce its workforce by 10%. The cutbacks are the latest indication that the red hot housing market is showing signs of cooling. In a memo to employees Tuesday, Redfin CEO Glenn Kelman said the company wouldn’t lay people off unless … Read more
Signs suggest the red-hot local real estate market may be starting to cool. According to a recent market update by Rockwall-based M&D Real Estate, signs are pointing to shifts in the local market. Price appreciation in the national and DFW-area real estate market has skyrocketed the past two years, leading to record home prices throughout … Read more
Signs suggest the red-hot local real estate market may be starting to cool. According to a recent market update by Rockwall-based M&D Real Estate, signs are pointing to shifts in the local market. Price appreciation in the national and DFW-area real estate market has skyrocketed the past two years, leading to record home prices throughout … Read more
Soaring home prices in the US appear out of sync with fundamentals, as was the case during the housing bubble that preceded the financial crisis of the late 2000s, warns the Federal Reserve Bank of Dallas in a new report released on March 29. Evidence indicates what the bank calls abnormal housing market behavior for … Read more
It continues to get more expensive to buy a house in Charlotte, with the city’s median home price reaching yet another unprecedented level, according to a new study on the housing market. As of April – the most recent data available – the median home sale price in Charlotte was a record-high $ 393,344, the … Read more
LAS VEGAS (KLAS) – Despite rising inflation and mortgage rates, the housing market in Las Vegas is still red hot. But home buyer optimism is the lowest we’ve seen since 1978. The Las Vegas housing market is very competitive, with sellers getting multiple offers and some buyers waiving contingencies – last month, nearly 60% of … Read more
When Graham Gullans purchased his vacation home in Chatham last year, he knew upfront he would finance it with a mortgage. “Mortgage rates were so low that they offered a really compelling reason to buy a second home,” said the 37-year-old tech company executive, whose primary residence is in Boston. Gullans locked in a 2.75 … Read more