‘Increasing pressure on list prices.’ 3 top economists and real estate professionals on the real estate markets where house prices will fall the most this year

Some markets may be more vulnerable to home price cuts than others, pros say. Getty Images Buyers in some markets are already getting – or could soon get – some relief in the form of lower home prices, pros say. Already in the last 4-8 weeks, experts have noticed downward price pressure in previously robust … Read more

‘Increasing pressure on list prices.’ 3 top economists and real estate professionals on the real estate markets where house prices will fall the most this year

Some markets may be more vulnerable to home price cuts than others, pros say. Getty Images Buyers in some markets are already getting – or could soon get – some relief in the form of lower home prices, pros say. Already in the last 4-8 weeks, experts have noticed downward price pressure in previously robust … Read more

Virtual property closures are becoming mainstream, but some states are holding out

Property closures can now happen remotely in most states, a shift that has accelerated as much of life has shifted online during the pandemic. The mortgage lenders are also urging the other states to join in, even if the legislature has reservations. According to the National Notary Association, 43 states now have laws allowing online … Read more

‘Continued slowdown in home prices.’ Here’s what 5 economists and real estate professionals predict for the housing market this year

What will happen in the housing market this year? Getty Images When will house price growth really slow down? Will mortgage rates continue to rise? What do I need to know if I’m trying to buy a home now? These are all questions we hear from readers, peers and others, so we asked top economists … Read more

10 cities where house prices are being slashed as the real estate market cools

The US housing sector is finally cooling down. For those who want to buy, according to new data, there are houses in several parts of the country that are currently for sale. According to Realtor.com, in June sellers cut home prices in areas that had seen late-breaking price increases early in the pandemic, including Reno, … Read more

Leave No Paper Trail: How a group of sovereign citizens used a bogus credit repair deal to build a real estate empire

Bad credit? No problem. A group of suspected scammers have been accused of running a fraudulent credit repair business and then using their customers’ identities to obtain mortgages on millions of dollars worth of real estate to collect rental fees. When the crew – which included a mortgage broker, a real estate agent and a … Read more

1 real estate stock to play in the housing market and 2 to avoid them

text size Wedbush analyst Jay McCanless has downgraded Redfin stock. Stephen Brashear/Getty Images for Redfin Housing stocks skyrocketed in 2021, benefiting from a competitive real estate market as consumers benefited from ultra-low interest rates. But the market is cooling off quickly as rising borrowing costs deter potential homebuyers. Pending home sales in June fell 13% … Read more

I’m Chief Economist for a $5 billion real estate data and title company. Here are 5 things you need to know about the housing market right now

Markus Fleming Housing has become increasingly unaffordable for millions of Americans – house prices and mortgage rates continue to rise (see the lowest rates you can currently qualify for here). That’s why we spoke to Mark Fleming as part of our series, in which we ask prominent economists and real estate professionals their opinions on … Read more

‘Fewer contracts signed, fewer bidding wars’: A slowdown in the Manhattan housing market could be a dire warning for the US housing market

First the good news. The median selling price for homes sold in Manhattan rose to a record high in the second quarter, up 10.6% annually to $1.25 million, while the median selling price hit the third-highest on record, according to a report by real estate appraiser Miller Samuel Inc. and real estate agent Douglas Elliman … Read more

“Prices may fall in some markets”: 5 economists and real estate professionals on what to expect from this “transforming” housing market

How is the housing market doing now? Getty Images Although mortgage rates have been slowly rising — some pros say we could see more of that (you can see the lowest mortgage rates you can get here) — homebuyers over the summer have likely noticed that house price growth doesn’t seem to be slowing down … Read more