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Redfin: These housing markets are the most at risk of falling home prices

July 31, 2022 Administrator

Homebuyers had enough. Spiked mortgage rates on top of record home price appreciation—up 42% since the onset of the pandemic—pushed monthly mortgage payments to a level that is simply unattainable for tens of millions of would-be buyers. As more buyers take a rain check, the housing market correction only gets more intense. This week, we…

Real Estate

10 cities where home prices are being slashed as housing market cools

July 28, 2022 Administrator

The U.S. housing sector is finally cooling off. For those looking to buy, there are homes in several parts of the country that are on sale right now, according to new data. Sellers slashed home prices in June in areas that saw red-hot price appreciation earlier in the pandemic, including Reno, Nev., Austin, Texas, and…

Real Estate

Real-Estate Startup Casavo Raises $406 Million for Online Home Buying

July 19, 2022 Administrator

Real-estate startup Casavo has raised €400 million ($406 million) in debt and equity. The startup wants to shake up the way people buy and sell homes online. The startup can buy homes directly and operates a marketplace for partner agents. Real-estate startup Casavo has raised €400 million ($406 million) in debt and equity, marking Europe’s…

Real Estate

Home sale cancellations hit highest rate since start of pandemic

July 13, 2022 Administrator

Real estate agent Kirsten Jordan urges sellers should remember it’s no longer a ‘super aspirational’ market, and to take their listings seriously. Approximately 60,000 home purchase agreements fell through in June, according to a new analysis by Redfin. The figure is equivalent to 14.9% of homes that went under contract during the month, an increase…

Real Estate

Real Estate newsletter: Are home prices finally falling?

July 12, 2022 Administrator

Welcome back to the Real Estate newsletter. It’s been quiet lately … too quiet. By quiet, I mean no more headlines about 100 people crowding into an open house, or bidding wars causing homes to sell for twice their asking price. In the wake of an ultra-competitive housing market driven to dizzying extremes by the…

Real Estate