Weekly Real Estate News, Sept. 25, 2023–Phil HallClosed home sales across New York took an 18.8% year-over-year tumble last month, according to data from the New York State Association of …
Category: Top National News
An Ode to Faded Design Trends
Banker & Tradesman, Sept. 24, 2023–Lew SichelmanLike fashion trends, home design trends are constantly changing. Features that were once sought-after can now leave a house feeling woefully out-of-date: think sunken …
How U.S. Households Got Turned Upside Down by Higher Interest Rates
The Wall Street Journal, Sept. 22, 2023-Gina Heeb (subscription)A new reality has finally started to set in across American households: Higher interest rates are here to stay.Click here to read
Can an App Tell You What a House Is Worth?
The Washington Post, Sept. 22, 2023-Tom Peterson (subscription)The numbers pop up so easily. Plug in an address. Click a mouse.Click here to read
Opinion: With Fewer Sellers on the Housing Market, More Scammers Are Impersonating Them
Fortune, Sept. 22, 2023-Diane TombA relatively new scam, seller impersonation fraud, is rising across the nation. Buyers must be aware of its telltale signs.Click here to read
The Demand for Restaurant Real Estate Is ‘Through the Roof’
Nation’s Restaurant News, Sept. 22, 2023-Alicia KelsoWe’ve tried to articulate the state of the consumer for about a year now and more signs are starting to show of a pullback …
Rising Mortgage Rates Drive Borrowers To Buydown Points
National Mortgage Professional, Sept. 22, 2023-Christine StuartWith the average 30-year, fixed-rate mortgage hitting a 21-year peak in August, homeowners face added affordability challenges, as reported by Freddie Mac. In response, …
As Homebuyer Contracts Collapse, Expectations Tumble, Too
Orange County Register, Sept. 21, 2023–Jeff LazersonIn August, 60,000 home purchase agreements, or 15.7% of homes under contract, were canceled, according to a Sept. 15 report by Redfin. That’s up …
How Warehouses Are Escaping Real Estate’s Doom Loop, in Charts
The Wall Street Journal, Sept. 20, 2023-Liz Young (subscription)Companies from e-commerce retailers to third-party logistics providers are leasing less new warehouse space amid weak freight demand, high interest rates and …
Home-Builder Stocks Drop After KB Home Reports Sagging Results
The Wall Street Journal, Sept. 21, 2023-David Marino-Nachison (subscription)Shares of homebuilders retreated Thursday, a day after KB Home said its latest quarterly results fell year-over-year.Click here to read