Pending Home Sales Fell 2.7% In May. Will They Continue To Fall? NAR Bullish About Housing. Is There Another Housing Apocalypse Coming? Pending home sales were steady in April like they had been since the beginning of the year. However, pending home sales fell in May. they dropped 2.7%, according to data released Thursday by the National […]
American Homeowners Lost $1.3 Trillion Of Equity In Their Homes In The 3rd Quarter Of 2022 American Homeowners saw their home values peak in the second quarter of this year. Unfortunately, it was short lived. American homeowners lost nearly $1.3 Trillion in equity from July through September. The value contraction is a record according to […]
Realtors See Commissions Plummet As Home Sellers Are Slashing Prices In Hot Markets As Housing Demand Drops Price drops are becoming increasingly common as home sellers are slashing their prices in some of the most popular housing markets. Redfin reports more than 20% of sellers dropped their price in seven of the 10 hottest markets. […]
Mortgage Bankers Association Predicts Home Prices Will Plummet By The End Of 2022 What goes up must come down and home prices are no different. The Mortgage Bankers Association is saying that is exactly what they predicting will happen. However, they say it won’t happen until the 4th quarter of 2022. Even logic dictates home […]
Pandemic Housing Boom Is Officially Over As New Home Sale Plummet To Pre-Pandemic Lows The pandemic housing boom is officially over! The U.S. Census Bureau is stating sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic in April 2020. Sales of new single family […]
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