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Where’s the Real Estate Market Headed?
August 26, 2024 | 3 Minute Read With high interest rates creating obstacles in the real estate market, it’s important to monitor how these conditions are shifting. While the current climate has slowed market activity, a recent decline in mortgage rates could indicate a turning point. Recognizing these trends can provide insight into what the […]
More Pain Coming to Commercial Real Estate
June 10, 2024 | 1 Minute Read The commercial real estate market, particularly office buildings, is experiencing significant distress as hybrid work becomes more common. Office buildings in New York City and other major cities are being sold for much lower prices than a few years ago, leading to steep investor losses. The number of […]
2024 State-by-State Decline in Population
May 13, 2024 | Reading Time: 1 Minute States experiencing net population loss due to outmigration may face reduced demand for homes, putting downward pressure on prices. Changes in demographics, such as population growth or decline, migration patterns, or shifts in household composition, can influence housing demand and, consequently, prices. Regions experiencing outmigration or declining […]
10 states with the worst economies
May 13, 2024 | Reading Time: 1 Minute States struggling with economic challenges, like job loss or poor economic growth, may see a reduced demand for housing. Economic downturns can significantly impact housing markets. During recessions, unemployment rates tend to rise, consumer spending decreases, and investor confidence drops. As a result, demand for housing diminishes, […]
Huge Number of Homeowners Hold Onto Favorable Mortgage Rates
April 18, 2024 | Reading Time: 6 Minutes Something profoundly unusual has unfolded in the American housing market over the past couple of years, marked by a rise in mortgage rates to around 7 percent. These rates, though not historically extraordinary by themselves, present a challenge due to the fact that the average American household […]
