Anticipating a Prolonged Housing Market Slump
Fannie Mae's latest analysis presents a sobering outlook for the U.S. housing market.
Fannie Mae's latest analysis presents a sobering outlook for the U.S. housing market.
Hochatown, OK, a scenic town near Broken Bow Lake, 3 hours from Dallas, has seen Airbnb listings skyrocket from around 400 to a staggering 2,400.
Existing home sales hasn't been this bad since 2010. A 15% collapse in Sept. sent transactions to 13yr low, a "deep freeze" Zillow warned in spring.
A joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage.
Mortgage rates, which surged to 2 decade high, have hurt housing affordability so much that a jump to 8% wouldn’t make things significantly worse.
Just 16% believed it was a good time to buy, matching an all-time survey low set last year.
Watch out, Katy Perry is coming for your house like a dark horse—at least if you’re Carl Westcott, the founder of 1-800-Flowers.