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The savagely unhealthy housing market is now a nightmare

Housing Wire

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8%

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Federal Reserve Predicted to Cut Rates 6 Times in 2024, but Homebuyers May Not Want (Or Need) to Wait

Lighter Side of Real Estate

mortgage rates will come down. So the recent news that ING Economics predicts that The Federal Reserve will cut rates 6 times starting in the second quarter of 2024 is probably music to your ears! However, when The Federal Reserve raises or lowers rates, it doesn’t directly impact mortgages.

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How Is The Downtown Toronto Rental Market?

Toronto Realty Blog

But I also noted this headline: “It’s Never Been Harder To Rent In Canada – Vacancy Rates Fall To 35-Year Low” RBC Special Reports February 1st, 2024 Of course, that headline refers to Canada as opposed to Toronto , and it’s looking longer-term, but I think the point is clear: the headlines are never the same.

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Sellers still need to prepare: While the market favors sellers, buyers still gravitate to well-prepared listings priced right, marketed effectively, and presented in the best possible light. Sure, certain seasons might have more foot traffic than others, but the housing market could vary drastically from neighborhood to neighborhood.

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Higher Rates Lead to Healthier Housing Market? How?

Notorious ROB

I spent the last month or so trying to understand the view that higher interest rates, leading to higher mortgage rates, will tame the crazy housing market. And this article from yesterday titled “ With home sales down, why are home prices still up? Let’s get into it. The Basic Argument.

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Flipping Houses in Florida: 5 Cities to Consider

HomeLight

DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice. If you are considering flipping houses in Florida, HomeLight always encourages you to reach out to an advisor regarding your own situation The prospect of flipping houses in the Sunshine State looks, well, sunny.

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Four Horsemen of the Housing Apocalypse, Part 3: On a Black Horse – Recession

Notorious ROB

But, thanks to rising inflation that no amount of book-cooking can cover up, the Fed has been forced to “take action” by which we mean raise rates a tiny bit, then jawbone a whole lot about how tough they’re going to be on inflation. In part 1 , we covered legal and regulatory challenges to the real estate industry.