Is the market going to crash? Everyone jostled by the news the housing market could crash has every reason to be worried. And why is that so? Because when the last time the housing market sored like this—it sparked a great recession that left many in financial ruins. The Real Estate Market Crash is Coming…
The Real Estate Market Crash Is Coming Sooner Than You Think
June 2, 2022
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Leaks, Termites, and Cracked Foundations: Skipping Home Inspections in a Competitive Market Is Tempting — and Risky
By Michaelle Bond The Philadelphia Inquirer The woman had just bought a house an investor flipped in Montgomery County. She skipped a home inspection to compete against other buyers and, a couple months ago, she asked inspector Ben Poles to take a look. As part of his usual examination, Poles, who owns Rest Assured Inspections in…
Home Listings Spike as Sellers Look for Buyers While Prices Remain High
May 27, 2022
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Business & Economyeconomyhome listingshome priceshousing marketmortgage interest ratesreal estatesingle-familyUSUS Real Estate
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There has been an increase in home listings during recent weeks as sellers jump to cash in on the current high home prices. New listings climbed almost twice as fast for the four weeks ending May 15 compared to the same period in 2021, according to a May 19 press release by real estate brokerage…
Pending Home Sales Dive as Soaring Prices, High Mortgage Rates Take Toll
May 26, 2022
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A measure of U.S. home sales based on signed contracts dropped to a 2-year low in April, the latest in a string of data points suggesting the housing market may be heading into choppier waters. Contracts to buy previously owned homes fell 3.9 percent last month to a reading of 99.3, the National Association of Realtors…
Snap Shares Plummet 43%; New Home Sales Hit 2-Year Low in April | NTD Business
Social media stocks lose billions of dollars, after a profit warning from Snapchat’s parent company. Some clothing companies are way down too. New home sales tumble to a two-year low. What’s behind it? Is the housing market cooling down? President Joe Biden is looking at releasing diesel fuel reserves, as diesel prices hit all-time highs. Will it…
Home Depot Raises Full-Year Forecasts as Demand Stays Firm
Home Depot Inc. raised its annual profit and sales forecasts on Tuesday, easing concerns that demand for home-improvement tools and building materials would take a hit amid surging inflation. The company’s shares rose as much as 5 percent to $310.78 as Home Depot’s first-quarter comparable sales increased, driven by higher sales of plumbing, building materials,…
Canada’s Average Home Price Falls to $746,000, Decreasing 0.6 Percent in April
Canada’s home prices are sinking under the pressure of rising interest rates, with the national average price falling to $746,000 in April—a 0.6 percent decrease from the average price of $796,000 in March, according to data from the Canadian Real Estate Association (CREA). Excluding the two most active and expansive housing markets in Greater Vancouver…
Canada’s Average Home Price Falls to $746,000 in April as Sales Plunged
Canada’s home prices are sinking under the pressure of rising interest rates, with the national average price falling to $746,000 in April, according to data from the Canadian Real Estate Association (CREA). Excluding the two most active and expansive housing markets in Greater Vancouver and the Greater Toronto Area (GTA), the calculation would cut $138,000…
Housing Supply Sees Slight Improvement in April as Higher Prices and Mortgage Rates Slow Sales
The supply of homes for sale in the United States began to show signs of improvement in April 2022 according to new data from Realtor.com, which stated that the number of salable homes would increase in the next few weeks due to fewer buyers. April housing inventory was 12 percent lower than in the same…
Beware the Popping of the Housing Bubble
Commentary Washington never learns. Never. Politicians are like collective Alzheimer’s disease patients. They have no short-term memories. Does anyone remember 2008? It was only 14 years ago. Then, America suffered through one of the most significant and most painful financial crises in our nation’s history—and the worst losses since the crash of 1929. Millions of…
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