Is the US housing market in a recession or a correction?

Is the US housing market in a recession or a correction?

This post was originally published on this siteHome builders and realtors say the housing market is in a recession; Other experts say it’s a correction as there’s a slowdown.     

Read more
Housing supply and demand are beginning to balance

Housing supply and demand are beginning to balance

This post was originally published on this siteTOWN SQUARE | In July, homes sold in a median of 35 days, which is two days faster than in July 2021 and 25 days faster than in July 2019.

Read more
U.S. Home-Sales Report for July Comes as Housing Market Cools

U.S. Home-Sales Report for July Comes as Housing Market Cools

This post was originally published on this siteThe housing market has been rapidly losing steam as the Federal Reserve’s aggressive path of interest-rate increases pushes up the cost of taking out a mortgage.

Read more
Housing market heads back to 2019

Housing market heads back to 2019

This post was originally published on this siteTOWN SQUARE | By neighborhood, price drops in D.C. ranged from a low of eight percent of listings in Park View to a high of 46 percent in Fort Dupont Park.

Read more
As housing cools, some buyers get a second chance to grab their first choice

As housing cools, some buyers get a second chance to grab their first choice

This post was originally published on this siteWith the once-scorching U.S. housing market now lukewarm, some buyers have another crack at getting that home they wanted all along.     

Read more
Mortgage applications fall for second straight week

Mortgage applications fall for second straight week

This post was originally published on this siteMortgage applications sank for the second consecutive week even as rates dipped slightly amid fears of a looming recession. Total mortgage demand fell 5.4 percent from the previous week, according to data from the Mortgage Bankers Association that covered applications for the week...

Read more
Housing market slowdown takes hold as mortgage rates dig in

Housing market slowdown takes hold as mortgage rates dig in

This post was originally published on this siteTOWN SQUARE | Slowing demand means that some sellers decided to lower their sales price to get an offer or during negotiations, according to Redfin.

Read more
Mortgage rates, home prices expected to stabilize, forecast says

Mortgage rates, home prices expected to stabilize, forecast says

This post was originally published on this siteTOWN SQUARE | Realtor.com revised its 2022 housing forecast and said listings are expected to grow 15 percent this year compared with 2021.

Read more
Consumers Are Losers in a Booming Industrial Economy

Consumers Are Losers in a Booming Industrial Economy

This post was originally published on this siteManufacturing and construction are still going strong, and while that lowers the chances for a recession, it means higher prices will continue for most basic goods.

Read more
Rising rates will cool the housing market. But a crash is unlikely.

Rising rates will cool the housing market. But a crash is unlikely.

This post was originally published on this siteHome sale prices are up 40 percent since the start of the pandemic. But with mortgage rates increasing, the days of such rapid price growth are almost certainly over.

Read more