The housing market wakes from the dead

titled, "The Housing Market Has Started to Recover" Redfin also notes that more folks are taking home tours than during the fall.The shift is all about mortgage rates. They went up so fast, and to such a high level, it was hard for buyers to even keep up. When rates started falling back a bit, some of these prospective buyers perked up.

Some buyers are even able to get rates that start with a 5 — "an important psychological threshold," Redfin notes.Home buyers and sellers adjusted their expectations. What once seemed high now seems like sort of a deal.Stefanie McFall, an architect in Atlanta, started looking for homes with her husband and kids in the suburbs last March, they were outbid repeatedly — many houses sold for $250,000 over asking. By early fall, they stopped looking.

"We didn’t mind paying a little higher interest rate because it felt like we had a little more buying power," McFall said in a message. The house is likely $100,000 less than it would've been last year, she added.

Democrats were in charge the last 2 years. We have all learned how to deal with higher price and a new war

What bullshit. These stories are to plant ideals into owners & buyers that they should just settle and move on, “make peace” with less ideal circumstances, while elites make still sell at high market values & make money by telling you, “just make do..”

A dead zone? You mean, returning to a state of normalcy, after a couple of years of astronomical sales' prices? It's what I do for a living and your framing sucks.

great, Architects and tech workers can afford houses again. And the rest of us

I want it to stay dead so I can afford a house

Definitely, if you ignore data.

Dead cat bounces are real

Totally false.

I've been saying this, the supply is way too low. There ARE NO HOMEBUILDERS ANYMORE. And sellers are rich and sitting on cash the only way they sell is getting scared of nuclear war in their city or global depression. This is what the government has done to America.

No

LOL

Dream on…..not at these prices

Still waiting on a recession

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Austin’s housing market is about to relive the 2008 housing crisis, Goldman Sachs saysAustin’s housing market’s is about to relive the 2008 housing crisis, Goldman Sachs says
Source: ExpressNews - 🏆 519. / 51 Read more »

Market expert predicts a 7% unemployment rate by the end of 2023: ‘That’s recession’Market expert Mark Tepper breaks down the several economic issues plaguing the U.S.'s housing market and how that could lead to a spike in unemployment. Fed is talking out it's A** just weight till people start defaulting on their hyper inflated car loans. carvana carmax truecar If its recession of it goes to 7%, does that mean it's not recession if it is 3.5%?
Source: FoxBusiness - 🏆 458. / 53 Read more »

Redfin slump worsens as housing-market risks drag stock downShares of the digital real estate company fell 8.5% Wednesday after Needham & Co analyst Bernie McTernan cut his housing market forecast for 2023 and lowered revenue estimates for Redfin and it…
Source: ladailynews - 🏆 332. / 59 Read more »

US housing market shows early signs of recovery as demand risesPending home sales climbed 3% in December, evidence the housing market is stirring back to life as mortgage rates continue to fall from a record high.
Source: FoxBusiness - 🏆 458. / 53 Read more »