The real estate fix is ​​hitting your local real estate market – this interactive map shows just how difficult it is

The real estate fix is ​​hitting your local real estate market – this interactive map shows just how difficult it is

Mark Zandi, chief economist at Moody’s Analytics, arrived two months ago Fortune with a bold call: the US housing market, he said, was entering a “housing correction”. At the time, some in the real estate industry rejected it. How fast things change. Now, many of the biggest names in real estate have adopted Zandi’s “housing … Read more

The correction in the housing market takes an unexpected turn

The correction in the housing market takes an unexpected turn

The Federal Reserve has a simple fight against inflation playbook. It works like this: Continue to apply upward pressure on interest rates until business and consumer spending across the economy weakens and inflation falls. Historically speaking, the Fed’s fight against inflation playbook has always hit the US housing market particularly hard. When it comes to … Read more

Moody’s: Home prices will fall in these 210 real estate markets, while these 204 markets will rise

Moody’s: Home prices will fall in these 210 real estate markets, while these 204 markets will rise

If you wet your beak in real estate, there’s a good chance it already looks like a personal recession. Rising mortgage rates, which this year saw a 30-year average fixed rate increase from 3.1% to 5.3%, pushed the US housing market into its fastest slump in activity since 2006. Both home sales and home construction … Read more

New housing market data reveals a dramatic shift as these 21 of the top 50 metropolitan areas show a drop in prices for June

New housing market data reveals a dramatic shift as these 21 of the top 50 metropolitan areas show a drop in prices for June

It is finally happening. After rising 40% from pre-pandemic levels in the biggest boom in decades, house prices peaked in June and started to drop in July. This is the extraordinary and sudden change revealed in a new set of data just introduced by the American Enterprise Institute’s Housing Center, a leading source of city-by-city … Read more

Redfin: These real estate markets are the most at risk of falling house prices

Redfin: These real estate markets are the most at risk of falling house prices

Homebuyers had had enough. Rising mortgage rates plus record appreciation in home prices, up 42% since the start of the pandemic, has pushed monthly mortgage payments to a level simply unattainable for tens of millions of would-be buyers. As more and more buyers take a rain check, the correction in the housing market only becomes … Read more