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.
Economists are nixing concerns about a housing crash like one experienced in 2008. Instead they say market is more reminiscent of four decades ago.
Demand for mortgage applications fell 6% last week to its lowest point since 1995.
Office prices in the US are due for a crash, and the commercial real estate market faces at least another nine months of declines.
Homebuyers made fewer deals in August as rough housing conditions persisted. That may get even worse, one housing expert said.
Mortgage rates haven’t been this high for over two decades, but it’s far worse to be a homebuyer now than then.
China Evergrande Group’s money management arm said it couldn’t make payments for investment products this month due to a liquidity crunch.
