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The Latest Breaking News from Housing Market

Redfin to lay off hundreds as housing market cools

The cooling housing market is catching up with Seattle's real estate tech companies.

Tribune News Service

Cooling housing market prompts layoffs at Redfin

Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off

The Independent UK

House prices could fall in 2022 and 2023, Bristol mortgage expert warns

The squeeze on consumer finances caused by rising inflation could start to impact the housing market, he said

Birmingham Post

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Housing Beat: Mortgage Rates Up Again, Homes With High Fire Risks Sell For More

This week in the housing market, mortgage rates resumed their upward movement, mortgage applications continued their downward movement and industry experts weighed in on the arrival of the next recession.

Benzinga

Housing Beat: Mortgage Rates Flatten As Sun Belt Sees New Boom In Home Building

This week in the housing market, mortgage rates were mostly flat, mortgage application volume was down and the Sun Belt is shining with new single-family home construction.

Benzinga

With housing overvalued, a reckoning in the market could be on the way, analyst warns

With housing prices rising exorbitantly during the pandemic and homebuying becoming more unaffordable for many people, a reckoning in the housing market could soon occur, according to analysis from Florida Atlantic University real estate economist Ken H. Johnson.

Tribune News Service

In search of better data, Seattle plans to require landlords to report rents

Seattle landlords may soon be required to report how much rent they charge — an effort to give city officials better data about the local housing market that drew opposition from some property owners.

Tribune News Service

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UK house price slowdown ‘on way’; factory growth hits 16-month low – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Housing market set to slow as the year progresses, says Nationwide

Prices also increased by 0.9% month on month in May, taking the average house price to £269,914, Nationwide Building Society said.

The Independent UK

‘Two-speed market’: Property prices are falling as rates rise, but not everywhere

Australia’s housing market has started falling from its pandemic highs, with property prices down 0.11 per cent in May amid rising interest rates.

The New Daily

Buying amid affordability squeeze? Here’s how homebuyers can cope

The housing market caught fire in 2020 as Americans decided en masse that they wanted homes and were willing to pay for them.

Tribune News Service

Housing supply squeeze finally begins to ease

During the record-breaking housing boom of the past two years, a drastic under-supply of homes for sale has bedeviled buyers and delighted sellers. Now, the squeeze is slowly easing — a shift that could mark the start of a much-anticipated cooling of the white-hot housing market.

Tribune News Service

Housing Beat: Home Sales Drop, Homeowners Insurance Spikes, Builder Confidence Tanks

The U.S. housing market showed unmistakable signs of stalling this week. Despite a decline in mortgage rates, mortgage applications and home sales were down while the cost of homeowners insurance was rising across most of the nation.

Benzinga

‘We’ve been inundated’: UK housing market frenzy shows no signs of slowing

Buyers face bidding wars to snare homes despite soaring inflation, cost of living crisis and fears of property crash

The Guardian - UK

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Tribune News Service

Real estate agents reinvent ‘love letters’ as competition heats up

In today’s red-hot housing market, buyers are doing everything they can to compete. Waiving contingencies, bidding well over asking and in some cases even making an offer on a property sight unseen are all becoming de rigueur.

Tribune News Service

Airbnbs outnumber New York City apartments in hot market

The number of short-term rentals in New York City is outpacing the number of available apartments, putting a pinch on renters who are looking for space in a hot housing market.

Reuters

Australia's economy holds plenty of pitfalls for election winner

Whichever party takes the reins of power at Australia's election on Saturday faces an economic road pitted with pot holes, from runaway inflation to rising interest rates, ballooning debt and an over-heated housing market.

Benzinga

Jeff Bezos Increases His Bet On The Single-Family Housing Market

The billionaire founder of Amazon.com, Inc. (NASDAQ: AMZN) Jeff Bezos just made his second investment in the real estate investment platform Arrived Homes during the company's $25 million Series A round.

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Axios

The crazy housing market is finally slowing

But rising mortgage rates will continue to put the squeeze on buyers.

The National (Scotland)

Eye-watering house prices see first-time buyers priced out of housing market

IN the 1970s the average Scottish house price was just £3617. In the 1980s it was more than £15,000, by the 1990s it was around £35,000 and come…

The Canberra Times

Missed mark on land release adds pressure to ACT housing market

Growth of Canberra's north under threat after court rules in neighbour's favour.

Benzinga

Musk On Housing Bubble Burst: 'They Dug Their Own Graves – A Lesson We Should All Take To Heart'

Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk's eclectic thoughts and views are usually on full display in his tweets. This time around, he shared his views on the housing market collapse.

Birmingham Post

Northern Ireland housing market jumps again despite cost of living crisis

Agents expect prices to continue higher in the coming three months

Benzinga

Housing Beat: Mortgage Rates Keep Climbing As Inventory Levels Slowly Expand

More homebuyers were taking out mortgages despite climbing rates while the tight housing inventory is showing signs of improving. Nonetheless, many homebuyers are not optimistic about the housing market’s near future.

The National (Scotland)

Gradual decline in house prices predicted amid cost of living crisis

A GRADUAL slowdown in the housing market in Scotland is likely as the cost-of-living crisis bites, a report has warned.

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