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Sales of U.S. previously owned homes decline to a six-month low

Bloomberg News National Mortgage News Article Sales of previously owned U.S. homes fell in February by more than forecast to a six-month low as a limited supply of properties and high prices deterred potential buyers. Contract closings decreased 7.2% in February from the prior month to an annualized 6.02 million, figures from the National Association of Realtors showed Friday...

Home buyers: Don’t wait for home prices to drop in 2022!

Erik J. Martin / The Mortgage Reports Contributor / March 28, 2022 - 7 min read   Will home prices drop in 2022? The price of homes has risen significantly over the past few years. Many hopeful buyers, especially those on tighter budgets, are eager to learn if and when home prices may become more affordable. The consensus from experts? Don’t hold your ...

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Employee Retention Credit — Still The One (The Latest Update)

Dean Zerbe Contributor Forbes Magazine Article Here The Employee Retention Credit (ERC) has proven to be one of the most effective tax policies in helping small and medium businesses and tax-exempt entities weather the economic impact of the pandemic. The ERC provides employers up to $7,000 per employee per quarter in refundable tax relief for the first three quarters of 2021 (a...

California Housing Market Report 2022

Andrew DePietro Contributor I cover real estate, economics and cost of living. Mar 30, 2022 https://www.forbes.com/sites/andrewdepietro/2022/03/30/california-housing-market-report-2022/?sh=29ee5e582c4a With interest rates rising, the corresponding increase in mortgage rates is beginning to make itself felt in housing markets across the United States. While rising mortg...

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REAL ESTATE Housing supply is finally improving, as high prices and rising rates weigh on sales!

Article here: https://www.cnbc.com/2022/05/10/housing-market-improves-as-rising-mortgage-rates-weigh-on-sales.html One of the leanest housing markets in history might be putting on some fat. The supply of homes for sale could increase in the next few weeks, according to new data from Realtor.com. In April, inventory was 12% lower than in the same month last year, the smallest year-ov...

Home sellers are cutting list prices as more buyers take pause: ‘The market is not the same’

https://www.latimes.com/business/story/2022-06-14/california-home-buying-sellers-slash-prices BY ANDREW KHOURISTAFF WRITER  JUNE 14, 2022 5 AM PT Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost. The growing number of pri...

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The Future of the Housing Market: Don’t Panic!

There’s an absurd amount of propaganda about the housing market in the news these days. And it’s not just our clients who are absorbing it. Realtors are coming to me in a panic over clickbait-style headlines from respected journalists. I was watching a video the other day in which a journalist stated we could see a “20% decrease in housing year over year.” But they ...

What the Euro Versus Dollar Fluctuation Means for American Real Estate

Industry, Politics & Econ August 2, 2022 By: Harout Keuroghlian If you’ve been paying attention to the news you likely saw the U.S. dollar surpassed the euro recently. The shift happened on Wednesday, July 20th to be exact. But I wouldn’t go popping the champagne just yet. You might be asking “How can the strengthening of our nation’s currency ...

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Real Estate newsletter: A buyer’s market emerges

https://www.latimes.com/business/newsletter/2022-08-20/real-estate-newsletter-20220820-hot-property-real-estate BY JACK FLEMMING STAFF WRITER  AUG. 20, 2022 7 AM PT Welcome back to the Real Estate newsletter. This week, we got an expert to say six magic words that many Angelenos have been waiting to hear for a long, long time: “It’s turning into a buyer&...

Another interest rate hike is coming from the Federal Reserve: Here’s how it could affect you!

https://www.cnbc.com/2022/09/19/here-are-5-ways-the-next-federal-reserve-rate-hike-could-impact-you.html PUBLISHED MON, SEP 19 20229:33 AM EDTUPDATED MON, SEP 19 202211:22 AM EDT Jessica Dickler@JDICKLER This week, the Federal Reserve will likely raise rates by another three-quarters of a percentage point for the third consecutive time in an effort to cool down the high cost ...