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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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Elon Musk offers to buy Twitter!

https://www.cnn.com/2022/04/14/tech/elon-musk-twitter-offer/index.html By Chris Isidore and Mark Thompson, CNN Business Updated 4:52 PM ET, Thu April 14, 2022 New York/London (CNN Business)Elon Musk has made an offer to buy Twitter (TWTR) and take it private, saying he believes the company needs to be "transformed." According to an SEC filing,...

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...