A famous real estate agent named Josh Altman talked about the latest trends in the housing market on a recent show of "Last Call," which was hosted by Brian Sullivan. Altman brought up a big change: houses are staying on the market longer than they used to. This change has an impact on the whole real estate business, affecting sellers, buyers, agents, and investments.   The Changing Dynamics of the Housing Market. Josh Altman, who is known as a top upscale real estate agent, talked about...

In the United States, mortgage demand has gone down for the second week in a row, which could mean trouble in the home market. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan amounts ($766,550 or less) went up from 7.05% to 7.07%, making it harder for people who want to buy a home and people who already own a home but want to refinance.   Rising Interest Rates and their Impact Even though the rise in mortgage rates is small, it shows that the...

In the last few months, there has been a noticeable change in the rental market: there is less competition. At the same time that this change is happening, more homeowners are deciding to put their homes on the market. However, the rate at which homes are being sold has slowed down a great deal. This is mostly because of the problems that high costs and rising interest rates continue to cause. This piece goes into detail about what's causing this cooling trend and what it means for people who...

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In a recent study, Chen Zhao of Redfin gave potential homebuyers some bad news: home prices are not going down any time soon. Even though the economy is changing, home prices keep going up, which makes many people who want to buy frustrated and puts a strain on their finances. Zhao's research shows a number of things that are causing this trend to continue and gives buyers and sellers ideas about what to expect in the coming months.   The Current Housing Market Landscape In the past few...