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Luxury Home Purchases Slide to New Lows

With mortgage rates hitting 14-year highs and inflationary woes lingering, high-end homebuyers are backing off from purchasing luxury homes nationwide, with a near 30% drop-off reported year-over-year.

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Predicting the Future of the Hispanic Housing Market

Hispanic homeownership has steadily grown for seven consecutive years, and it is predicted that Hispanic households will account for 70% of homeownership growth over the next 20 years. But amidst a tight housing market, potential Hispanic homebuyers —especially first-time buyers— ...

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Small-Town Locales, Million-Dollar Listings

Home prices may seem as if they’re declining in some parts of the country, but they've also dramatically risen over the past two and a half years since the onset of the pandemic. Resulting from this rapid growth, homes valued ...

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Sunbelt Reports Record Purchase Backouts

In another new sign of the times, roughly 64,000 home-purchase agreements fell through in August 2022 according to Redfin, a number equal to 15.2% of all homes that went under contract that month.  To put it another way, that number ...

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Fannie Mae Continues to Forecast 2023 Recession

According to new research from Fannie Mae’s Economic and Strategic Research Group (ESR), the housing market is expected to further cool as mortgage rates continue to rise and continues to predict an official recession conditions in 2023.  According to the ...

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Bidding-War Rate Reaches Lowest Level Since 2020

According to Redfin's latest market analysis, some 44.6% of home offers written by Redfin agents nationwide faced competition on a seasonally adjusted basis in August, the lowest bidding-war rate since the beginning of the pandemic when the housing market nearly ...

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