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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...

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 ...

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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 ...

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&...

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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 ...

The Fed to reset the U.S. housing market through a ‘difficult correction’—5 things to know about the plan

BY LANCE LAMBERT September 22, 2022 5:31 AM EDT https://fortune.com/2022/09/22/housing-market-federal-reserve-reset-through-difficult-housing-correction-home-prices/amp/ Fed Chair Jerome Powell told reporters back in June that spiking mortgage rates would see the Pandemic Housing Boom fizzle out. In the eyes of Powell, that would be a good thing. “I’d say if yo...