The housing market is Still Struggling In Q4 In spite Of Rate Drop

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In: Realtor News

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The housing slump began in earnest in October. Existing home sales fell 5.9% from September to a seasonally adjusted annual rate of 4.43 million units in October, down 28.4% from a year ago. This is the largest annual decline inContinue Reading

In spite Of the Cooling Housing Market Title Insurance Companies are Gaining Profits

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In: New Home Mortgage News

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Third quarter earnings season kicked off last week with three (Stewart, First American, and Old Republic) “big four” insurers reporting earnings on Thursday. Given the current environment of volatile mortgage interest rates and the resulting slowdown in homebuyer demand, it’sContinue Reading

Rising Rates And Declining Demands Resulting In Housing Market Slowdown – Freddie Mac Report

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In: Realtor News

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Freddie Mac (OTCQB: FMCC) said today that the current downturn in the housing market will continue due to reduced demand.  In a new quarterly forecast, the company’s chief economist indicated that mortgage interest rates that doubled last year were aContinue Reading

Clear Capital To Plan Lay Off Due To Slow housing market

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In: Realtor News

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Real estate valuation technology company Clear Capital is cutting its workforce by 27 percent in its U.S. offices due to a slowing housing market, the firm said. Founded in 2001, the Nevada-based company offers solutions to streamline the appraisal process,Continue Reading

As the Housing Market Cools The Property Sales In Houston Drops

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In: Realtor News

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A shortage of buyers and scarce new listings are prompting an increase in homes sitting available longer than a month. While this is uplifting news for buyers, it’s a source of frustration for sellers, Redfin as of late revealed. AsContinue Reading

U.S. Housing Market Experiencing A Dip

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In: Realtor News

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There are signs the US housing market is starting to cool amid reports that 12% of homes available to be purchased have seen a drop in costs somewhat recently, as per the online business, Redfin. Extra reports affirm that increasingContinue Reading

Huge Surge in the Sales of Luxury Home Boosts Texas Housing Market

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In: New Home Mortgage News

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Last updated on April 18th, 2022 at 08:29 amEven with an increase in home price, there has been a strong spike in the number of homes sold in Texas. Homes costing million-dollar-and-up range were in high demand said the chairmanContinue Reading

Housing Market Cooling Off

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In: Realtor News

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The real estate market has been steadily climbing for years in the country, but the onset of the COVID pandemic created a rarely seen situation for home buyers with last year the market being scorching hot due to historically low-interestContinue Reading

COVID And Its Impact On Housing Market

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In: Realtor News

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Last updated on April 3rd, 2023 at 10:31 pmEven after a year of the pandemic causing shutdowns across the United States, 42% of real estate professionals said that COVID-19 is still impacting their business. According to 28% of respondents fromContinue Reading

Southern Oklahoma Housing Market Experiencing Boom

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In: New Home Mortgage News

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Last updated on April 4th, 2022 at 02:55 pmLaci Jo Littleton-Gomez, a realtor with I Sell Houses, describing the situation said even with a limited number of properties on the market, and a larger number of people interested in buyingContinue Reading