South Korea's property market has abruptly gone from sizzling hot to floundering, piling pressure on some of the world's most debt-saddled consumers as the sector experiences the fastest interest rate hikes on record. Prices of Seoul apartments last week reported their sharpest decline in 26 months, while transaction volumes in the capital dropped 73% in June from a year earlier.
Since mortgage rates came down from their June high, measures of early demand like online real estate searches and home tours have ticked up and/or stabilized A half-point drop in mortgage rates is drawing some homebuyers back to the market, according to a new report from Redfin, the technology-powered real estate brokerage.
For the past two years, the housing market reached all-time highs. What Happened? As inflation and mortgage rates continue to rise, the housing market has significantly slowed down. This is the slowest pace since September 2011, with the exception of March and April 2020 when sales fell due to initial COVID-19 lockdowns.
Riverside, Boise, Phoenix and Tampa are among the markets where homeowners stand to lose some of the value they gained over the past two years. Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession.
Commercial Real Estate Companies Can Bring Properties to Market Three Times Faster to Accelerate Revenue Generation SharpLaunch, a leading commercial real estate marketing software company, announced today the release of SharpLaunch 2.0, which provides a level of openness and integration never seen before among CRE industry leaders.
Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies bring more than 80 years of combined small business and community development experience to the Momentus Capital family of organizations.
A prolonged lack of homes on the market across the Empire State, combined with high prices and escalating mortgage rates continue to slow the New York housing market according to the housing report released today by the New York State Association of REALTORS®. Inventory decreased 14.3 percent across New York in June, falling from 45,441 homes available in 2021 to just 38,965 units available la...
It's an excellent time to own single-family rental properties, a realization that's reaching some of the nation's largest home builders. According to the National Association of Home Builders, 13,000 single-family homes were built as rentals in the first quarter of this year. Investment in single-family rentals -- buying older homes and building new ones -- has grown dramatically.
Key Highlights WASHINGTON Existing-home sales dropped for the fifth straight month in June, according to the National Association of Realtors®. Three out of four major U.S. regions experienced month-over-month sales declines and one region held steady.
ARDMORE, Pa., July 19, 2022 Real estate agents and brokers anywhere in the United States can now access financing on their pending real estate commissions through Accel Real Estate Commission Advance. Traditionally springtime is when the real estate industry starts to pick up. Currently, the real estate market is on fire throughout the country.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
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