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 […]
News Corp. Begins Employee Layoffs At Realtor.com In Preparation For A Downturn In The Market News Corp’s Realtor.com has become the latest real estate company to downsize. A Realtor.com 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 […]
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 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. […]
Freddie Mac Economists Predict The Arrival Of The Biggest Housing Contraction Since 2006 The pandemic’s housing boom is finally running on fumes. Now, Freddie Mac economists are predicting the arrival of the biggest housing contraction since 2006. They point to three factors: Home sales are falling Inventory levels are rising Home sellers are cutting list […]
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