They were fed up with Seattle’s home bidding wars. They were only in their late 20s but had already lost two battles and were ready to renew with their landlord. Then, in May, their agent called. Suddenly, Redfin’s Shoshana Godwin told the couple, sellers were getting jumpy, even here in the hottest of markets. Homes that should have vanished in days were sitting on the market for weeks. There was a three-bedroom fixer-upper just north of the city going for $550,000, down from more than $600,000. They made the leap in early June and had closed by the end of the month, for list price. The U.S. housing market — particularly in cutthroat areas like Seattle, Silicon Valley and Austin, Texas — appears to be headed for the broadest slowdown in years. Buyers are getting squeezed by rising mortgage rates and by prices climbing about twice as fast as incomes, and there’s only so far they can stretch. “This could be the very beginning of a turning … [Read more...] about Nation’s housing market may be headed for biggest slowdown in years
Housing market bubble
US housing market looks headed for its worst slowdown in years
They were fed up with Seattle’s home bidding wars. They were only in their late 20s but had already lost two battles and were ready to renew with their landlord. Then, in May, their agent called. Suddenly, Redfin’s Shoshana Godwin told the couple, sellers were getting jumpy, even here in the hottest of markets. Homes that should have vanished in days were sitting on the market for weeks. There was a three-bedroom fixer-upper just north of the city going for $550,000, down from more than $600,000. They made the leap in early June and had closed by the end of the month, for list price. The US housing market — particularly in cutthroat areas like Seattle, Silicon Valley, and Austin, Texas — appears to be headed for the broadest slowdown in years. Buyers are getting squeezed by rising mortgage rates and by prices climbing about twice as fast as incomes, and there’s only so far they can stretch. “This could be the very beginning of a turning … [Read more...] about US housing market looks headed for its worst slowdown in years
Here are America’s Most Profitable Housing Markets: Cash In!
The realtor.com data team set out to find the markets where home sellers are walking away with the biggest profits. Lance Lambert, provided by Published 5:00 am CDT, Monday, July 23, 2018 Photo: Bloomberg/Getty Images; Mike Kline/Getty Images;Alex Zyuzikov/Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Bloomberg/Getty Images; Mike Kline/Getty Images;Alex Zyuzikov/Getty Images Here are America's Most Profitable Housing Markets: Cash In! 1 / 1 Back to Gallery Throwing down some hard-earned cash on blackjack or craps at the local casino is enough to make some folks break out into a cold sweat. But when it comes time to buy a home, the ante gets raised to truly nerve-racking levels: They're making the biggest wager of their lives on what'll likely be their largest investment. Ever. Owning a home … [Read more...] about Here are America’s Most Profitable Housing Markets: Cash In!
Danielle Fleischer Explains the Benefits of the Current Housing Market
Real Estate Broker Danielle Paige Fleischer explains how the current housing market could be beneficial to Americans. SARASOTA, FLORIDA, UNITED STATES, July 20, 2018 /EINPresswire.com/ -- The housing market has functioned as a rollercoaster in the last decade. Between the popping real estate bubble in 2006 and the aftermath of foreclosures, the market has struggled to recover. The year 2018 is proving to be beneficial for both buyers and sellers. Even though experts claim 2018 is a seller’s market. Drastically low prices have brought an influx of hungry buyers, which has helped raise the price of houses…a little. So, while it appears the housing market might be making a comeback in 2018, there’s still the possibility that it’s only another bubble. Danielle Paige Fleischer is confident, though, that there are benefits to the current housing market. Many Americans, both sellers, and buyers have opportunities in this market. People simply must know how to sooth … [Read more...] about Danielle Fleischer Explains the Benefits of the Current Housing Market
Does the June dip in home sales signal a new direction for D-FW housing market?
All good things must come to an end. And there are more signs that our runaway housing market is hitting a ceiling.Years of rising home prices and this year's higher mortgage rates are starting to be a drag on the pace of home purchases in North Texas, housing analysts say."Maybe we are seeing the beginning of the slowdown of the hyper growth Dallas has had for the last six or seven years," said Dr. James Gaines, chief economist at the Real Estate Center at Texas A&M University. "We've been kind of expecting it for almost a year now. "It's going to slow down eventually," he said. "The eventually may be getting here."If there is a slowdown, it's still not much of one.For the first six months of 2018, local real estate agents have sold almost 52,000 preowned single-family homes. That's still 1 percent more home purchase than the record sales North Texas saw in the first half of 2017.But a year ago at this time — in the middle of the summer homebuying binge … [Read more...] about Does the June dip in home sales signal a new direction for D-FW housing market?