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  • Prepare for 2 More Years of Pain
    Real Estate News

    Prepare for 2 More Years of Pain

    December 22, 2022 /

    Impression source: Getty Images That is really not information home consumers want to hear. Critical details Residence prices are up ideal now and house loan premiums are soaring. Until eventually factors change, property potential buyers may possibly proceed to wrestle. It is been a truly challenging go for possible residence prospective buyers due to the fact mid-2020. For the past two many years and change, the authentic estate industry has sorely lacked inventory. Which is pushed household costs upward and forced prospective buyers into numerous bidding wars. This yr, mortgage loan rates are also bigger than they have been in a long time, incorporating yet another layer of issues to…

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    Your 2023 Business Depends On Nailing This Seller Conversation

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    November 3, 2022

    Signs indicate housing market may be cooling off, economists say

    October 14, 2021
    ‘The pandemic boom in home sales is over’: Mortgage rates soar to highest level since 2009 as the Fed pressures the housing market

    ‘The pandemic boom in home sales is over’: Mortgage rates soar to highest level since 2009 as the Fed pressures the housing market

    May 7, 2022
  • Housing Market Faces a World of Pain
    Real Estate News

    Housing Market Faces a World of Pain

    April 2, 2022 /

    Quite a few ominous indicators encounter the housing industry. Initially, the common 30-12 months mounted-level mortgage loan soared to a 3-12 months high of 4.67{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in the week finished March 31, in accordance to housing agency Freddie Mac. That is up from 4.42{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} a week back and 3.18{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} a year in the past, To be absolutely sure, the price is down from 6.4{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in Oct 2007. The latest maximize stems from raging inflation, surging bond yields, and anticipation of potent Federal Reserve desire-rate raises. Buyer rates skyrocketed 7.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in the 12 months by means of February, a 40-year higher. The 10-12 months Treasury generate has climbed 91 basis details so far this…

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    Jerry Schmidt Comments Off on Housing Market Faces a World of Pain

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    Sell Fast or Renovate - Making the Right Choice

    Sell Fast or Renovate? Making the Right Choice

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    Housing market records sharpest decline in sales in almost two decades: report

    Housing market records sharpest decline in sales in almost two decades: report

    August 21, 2022

    Should you rent or buy a home? The answer is getting more complicated

    January 7, 2022

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