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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.
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.
Since the Great Depression, the next most dramatic economic crash of the day came in 2008-09, when the overinflated housing bubble burst, sending the U.S. economy into free fall and devastating...
As for the U.S. housing market, Musk said that the issues in the commercial real estate market will spread to that sector as well. As Insider noted, Morgan Stanley said that home sales have ...
“The prospect of elevated mortgage rates throughout 2025 suggests that housing market activity will continue to be challenged,” says Selma Hepp, chief economist for real estate data firm ...
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 ...
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2022 was a wild year for the real estate market as interest rates climbed and inflation soared. The new year is looking to be rife with challenges for both buyers and sellers, as mortgage rates are...