Tag: real estate

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

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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…

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Real Estate

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

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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…

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Real Estate

Should you rent or buy a house? Use the ‘BURL’ rule to avoid financial regret, says real estate investor

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When it comes to maximizing your lifestyle and net worth, the question “should I rent or buy” is one of the most heavily debated. Even if you already own your home or apartment, it’s a good exercise to regularly consider whether living there is the optimal move. Taking on debt to buy is always a…

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Real Estate

Brothers Behind $8 Billion Hamptons Real Estate Firm Cut Commission Rate To 1%

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Cody and Zach Vichinsky changed the luxury real estate game on Long Island by specializing in properties worth more than $10 million, including homes seen on Succession and in Wall Street. So why is greed no longer good? By Luisa Kroll In August 2021, Bespoke Real Estate in Water Mill, New York, secured the exclusive…

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Real Estate

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

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Mark Fleming Housing has become increasingly unaffordable to millions of Americans — with home prices and mortgage rates continuing to rise (see the lowest rates you may qualify for now here). So – as part of our series where we ask prominent economists and real estate pros their take on the housing market now –…

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Real Estate

Shimao, a big Shanghai real estate developer, defaults on debt

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Hong Kong CNN Business  —  Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong…

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Real Estate