American Homeowners Lost

American Homeowners Lost $1.3 Trillion In Equity

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 […]

pending home sales

Pending Home Sales Are Down 31% From Last Year

Pending Home Sales Are Down 31% From Last Year. Economists Go Into Panic Mode As Sales Are Worse Than They Predicted The National Association of Realtors says pending home sales continued to plummet in September. Market indicators show a 10.2% month-over-month decline that resulted in an index reading of 79.5. This is the fourth consecutive […] Starts Employee Layoffs Ahead Of Market Downturn

News Corp. Begins Employee Layoffs At In Preparation For A Downturn In The Market  News Corp’s has become the latest real estate company to downsize.  A spokesperson declined to share specifics of the layoffs. They also refused to say how many employees and contractors were impacted. However, the company said they are […]

Secret Compass Layoffs

Secret Compass Layoffs Are Coming By October

Former Compass Insider Says That More Secret Compass Layoffs Are Coming Before The End Of The 3rd Quarter A few days ago, Zoe Rosenberg of Business Insider sat down with a former insider at Compass. The former employee told her that more secret Compass layoffs are coming before the end of the third quarter.  Compass […]

Homebuyers are

Homebuyers Are Canceling Purchase Deals At Record Pace

Homebuyers Are Canceling Deals At A Record Pace Due To Housing Affordability Issues Home buyers are canceling sales at record pace. Prospective homebuyers are grappling with affordability issues. However, a Redfin report states the shifting market conditions are allowing buyers to increase their bargaining power. Roughly 63,000 deal under contract fell through in July nationwide. […]

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