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Rising mortgage rates are causing more home sellers to lower their asking prices

Rising mortgage rates are causing more home sellers to lower their asking prices

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Rising mortgage rates are causing more home sellers to lower their asking prices
Rising mortgage rates are causing more home sellers to lower their asking prices
Rising mortgage rates are causing more home sellers to lower their asking prices
Rising mortgage rates are causing more home sellers to lower their asking prices
Broadcast Media Production and... Broadcast Media Prod... | 2 years ago
Weakening affordability is causing sellers to get more realistic about their asking prices. There are also more listings coming on the market.
Weakening affordability is causing sellers to get more realistic about their asking prices. There are also more listings coming on the market.
Rising mortgage rates are sending home prices lower
Rising mortgage rates are sending home prices lower
Rising mortgage rates are sending home prices lower
Rising mortgage rates are sending home prices lower
latimes latimes | 1 year ago
For the first time in a decade, home prices in Southern California are definitively falling. After 10 years of largely uninterrupted gains, home values have turned negative, the result of rising mortgage rates that have squashed demand and caused sales to plummet. The typical Southern California home price is now nearly 6% below the all-time high reached in May, according to data released Wednesday by Zillow. In September, the typical home price for the six-county region dropped 0.6% from Augus...
For the first time in a decade, home prices in Southern California are definitively falling. After 10 years of largely uninterrupted gains, home values have turned negative, the result of rising mortgage rates that have squashed demand and caused sales to plummet. The typical Southern California home price is now nearly 6% below the all-time high reached in May, according to data released Wednesday by Zillow. In September, the typical home price for the six-county region dropped 0.6% from Augus...
Bankers lower their mortgage demand outlook for the year as rising rates hurt affordability
Bankers lower their mortgage demand outlook for the year as rising rates hurt affordability
Bankers lower their mortgage demand outlook for the year as rising rates hurt affordability
Bankers lower their mortgage demand outlook for the year as rising rates hurt affordability
Broadcast Media Production and... Broadcast Media Prod... | 2 years ago
Rising rates are causing a drop in home loan demand, so mortgage bankers are lowering their forecast for the year.
Rising rates are causing a drop in home loan demand, so mortgage bankers are lowering their forecast for the year.
Rising mortgage rates causing homebuilder stocks to lose steam
Rising mortgage rates causing homebuilder stocks to lose steam
Rising mortgage rates causing homebuilder stocks to lose steam
Rising mortgage rates causing homebuilder stocks to lose steam
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
CNBC's Diana Olick joins 'Closing Bell' to report on homebuilder stocks.
CNBC's Diana Olick joins 'Closing Bell' to report on homebuilder stocks.
Report: Rising mortgage rates push home prices lower in Tampa Bay
Report: Rising mortgage rates push home prices lower in Tampa Bay
Report: Rising mortgage rates push home prices lower in Tampa Bay
Report: Rising mortgage rates push home prices lower in Tampa Bay
bizjournals bizjournals | 1 year ago
The housing market's cooldown will continue through the end of the year as surging mortgage rates are turning away potential homebuyers, the latest Redfin report finds.ย  For the first time since March 2021, the average home sells for less than its listing price, but high mortgage rates still impact what people can afford.ย  The Redfin report highlighted that home touring has dropped significantly by 38% since January over the last four weeks, with declining demand that led a near-record share...
The housing market's cooldown will continue through the end of the year as surging mortgage rates are turning away potential homebuyers, the latest Redfin report finds.ย  For the first time since March 2021, the average home sells for less than its listing price, but high mortgage rates still impact what people can afford.ย  The Redfin report highlighted that home touring has dropped significantly by 38% since January over the last four weeks, with declining demand that led a near-record share...
Who's refinancing their mortgage despite rising interest rates?
Who's refinancing their mortgage despite rising interest rates?
Who's refinancing their mortgage despite rising interest rates?
Who's refinancing their mortgage despite rising interest rates?
bizjournals bizjournals | 1 year ago
Mortgage rates have doubled from where they were a year ago, and the home loan refinancing market has fallen off a cliff. And yet, there are still some homeowners who are refinancing their loans.
Mortgage rates have doubled from where they were a year ago, and the home loan refinancing market has fallen off a cliff. And yet, there are still some homeowners who are refinancing their loans.
Theyโ€™re Taking More Time, Causing Sellers To Panic A Little
Theyโ€™re Taking More Time, Causing Sellers To Panic A Little
Theyโ€™re Taking More Time, Causing Sellers To Panic A Little
Theyโ€™re Taking More Time, Causing Sellers To Panic A Little
housingbubble.blog housingbubble.blog | 1 year ago
A weekend topic starting with Fortune. โ€œLast year, months before the Federal Reserve began raising interest rates to combat inflation, former Treasury Secretary Larry Summers warned that inflation was already a problem, and would get a lot worse in 2022. His predictions were accurate. If Summers is right, his index would have huge implications for how far the Federal Reserve may have to go to fix inflation. It could mean that the Fed would have to resort to the same extreme means employed b...
A weekend topic starting with Fortune. โ€œLast year, months before the Federal Reserve began raising interest rates to combat inflation, former Treasury Secretary Larry Summers warned that inflation was already a problem, and would get a lot worse in 2022. His predictions were accurate. If Summers is right, his index would have huge implications for how far the Federal Reserve may have to go to fix inflation. It could mean that the Fed would have to resort to the same extreme means employed b...
More Atlanta homes sell for above asking even as rising rates temper demand
More Atlanta homes sell for above asking even as rising rates temper demand
More Atlanta homes sell for above asking even as rising rates temper demand
More Atlanta homes sell for above asking even as rising rates temper demand
bizjournals bizjournals | 1 year ago
Rising mortgage rates tempered demand for homes in metro Atlanta last month. They did not stop the intense bidding wars that are ending with many homes selling for above list price.
Rising mortgage rates tempered demand for homes in metro Atlanta last month. They did not stop the intense bidding wars that are ending with many homes selling for above list price.
Home Sellers In Migration Hot Spots Are Steadily Dropping Asking Prices
Home Sellers In Migration Hot Spots Are Steadily Dropping Asking Prices
Home Sellers In Migration Hot Spots Are Steadily Dropping Asking Prices
Home Sellers In Migration Hot Spots Are Steadily Dropping Asking Prices
forbes forbes | 1 year ago
Home Sellers In Migration Hot Spots Are Steadily Dropping Asking Prices Sacramento has seen a surge in migration and a sharp increase in home prices over the past two ... [+] years. getty Sacramento has seen a surge in migration and a sharp increase in home prices over the past two ... [+] years. The housing market is sending clearer signals that the pandemic-driven housing frenzy is coming to an end, according to a new report from Redfin, a technology-powered r...
Home Sellers In Migration Hot Spots Are Steadily Dropping Asking Prices Sacramento has seen a surge in migration and a sharp increase in home prices over the past two ... [+] years. getty Sacramento has seen a surge in migration and a sharp increase in home prices over the past two ... [+] years. The housing market is sending clearer signals that the pandemic-driven housing frenzy is coming to an end, according to a new report from Redfin, a technology-powered r...
More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates
More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates
More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates
More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates
forbes forbes | 1 year ago
More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates Those who are listing their homes are starting to price in line with lower demand. getty Those who are listing their homes are starting to price in line with lower demand. New listings of homes for sale fell 15% year over year in the four weeks ending August 21, the biggest annual decline since the start of the pandemic. As a result, the supply of for-sale homes fell 0.6% from the previous four-week perio...
More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates Those who are listing their homes are starting to price in line with lower demand. getty Those who are listing their homes are starting to price in line with lower demand. New listings of homes for sale fell 15% year over year in the four weeks ending August 21, the biggest annual decline since the start of the pandemic. As a result, the supply of for-sale homes fell 0.6% from the previous four-week perio...