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Cape Coral, Fla., is off 7 percent from its recent peak, while North Port, Fla., has dropped 6 percent. Those numbers don’t represent a crash, but they do show a housing market coming back to earth.
One of the most realistic signs of an impending housing market crash is a significant increase in foreclosure rates, according to Alyssa Huff, a real estate specialist at Sell House.
Housing inventory has been low since the last real estate housing market crash in 2008. This also led to a decrease in new home construction. This combination makes it a much more competitive market.
In May of this year, ATTOM recorded a sharp uptick in foreclosure rates around the... Well, you are not alone. Foreclosures Are Rising: Here’s What Experts Say It Means for the Housing Market
Fall: Booming housing market halts abruptly; from the fourth quarter of 2005 to the first quarter of 2006, median prices nationwide dropped off 3.3 percent. [49] Year-end: A total of 846,982 properties were in some stage of foreclosure in 2005. [50] 2006: Continued market slowdown. Prices are flat, home sales fall, resulting in inventory buildup.
Will housing sales decline? The volume of home sales has continued to soften over the course of 2024: Existing-home sales in September were down by 3.5 percent from last year.
It’s been a wild real estate ride over the last few years. After a red-hot market characterized by very low interest rates and frenzied bidding wars, mortgage rates increased to their highest ...
Not that long ago, the housing market was on fire. "Prices for homes were at astronomical highs just two years ago, brought on by serious demand from buyers and historically low inventory," said...