Falling home prices is coming. High unemployment could make it much worse

London CNN Business – Last year, Auckland’s largest real estate company was unable to sell properties fast enough to meet demand in New Zealand’s largest city. Homes were “flying out the door,” said Grant Sykes, a principal at the Barfoot & Thompson real estate agency. “There were chin-breaking moments when agents would stand across the … Read more

What is the housing market price correction? | Real estate

As a homeowner or potential homeowner, news housing market Circumstances can make you feel stressful—especially when you haven’t tolerated them in the past. But not all terms are as complicated as they may sound, or intimidating to you as a homeowner. While a home price correction or housing market correction describes a drop in home … Read more

Autumn housing market prospects | money

The housing market has a little Jekyll-Mr. Hyde moment. On the other hand, buyers are finally getting some relief from the very high prices and super selling speeds over the past couple of years. On the other hand, Mortgage rates Rise – reduce affordability and keep potential sellers on margin. The result is a better … Read more

Home Price Correction Intensifies – What to Expect from the US Housing Market in 2023

This, of course, is what we see now. Despite favorable demographics and limited inventory levels, affordability is under pressure –Mortgage rates rise Coupled with rising house prices – I started driving home prices down. In fact, this week we learned that home prices in the United States are measured by Case-Shiller home price index in … Read more