Tag results for: home prices
Intensified housing market correction has homebuilders offering sweetheart deals to Wall Street
Homebuilders have a housing downturn playbook that’s proven to be effective time and again. They start by offering incentives like mortgage rate buydowns. If that doesn’t work, then...
A 20% home price crash? These 7 forecast models can see it—where the other 13 leading models have the 2023 housing market going
Back in the early 2000s, short-sighted lenders gave out loans (or better put, subprime mortgages) to homebuyers who historically wouldn’t have qualified. As buyers tapped into that credit,...
These 49 housing markets to see home prices fall over 15%—this interactive map shows Moody’s updated forecast for 322 markets
A historic mortgage rate shock—with the average 30-year fixed mortgage rate jumping from 3% to 6% this year—following the Pandemic Housing Boom’s 41.3% run-up in U.S. home prices...
Fed’s housing market ‘reset’ has officially set off the second-biggest home price correction of the post-WWII era
In June, Fed Chair Jerome Powell told reporters that the overheated U.S. housing market—which saw U.S. home prices rise over 40% in just over two years—needed a “reset.”...
Update: The home price correction in America’s 400 largest housing markets, as told by one interactive map
That type of looming loss explains why Redfin recently announced it’s shutting down its algorithm-run iBuyer business. As long as the U.S. housing market remains in correction mode, the...
The Pandemic Housing Bubble is bursting, says KPMG
It didn’t take long for white-collar professionals in 2020 to realize that expanded work-from-home policies meant they could buy real estate pretty much anywhere. Vacation markets went gangbusters....
