Housing market activity is crashing—and it threatens to push the U.S. into recession just like it did in 1981 and 2008
BYLANCE LAMBERT October 25, 2022 at 2:06 AM PDT The go-to line this year from analysts and economists alike is that “the Fed will push until something breaks.” Increasingly, it’s looking like that “something” might be the weakening U.S. housing market. “Las Vegas is one of the leading indicators f
What is a 2-1 Rate Buy-Down?
What is a 2-1 Buydown? As interest rates climb, temporary buydowns have become an avenue that some sellers and buyers may consider. A 2-1 buydown program is a concession offered by sellers to incentivize buyers. A 2-1 buydown essentially allows borrowers to make a lower mortgage payment for the firs
The Real Estate Collapse of 2023
By Douglas A. McIntyre Increasingly, experts who cover the real estate market look for a collapse of prices, and sales, in 2023. Almost the entire reason is interest rates, which are near 7% for 30-year fixed-rate mortgages. The number may top 8% next year. This would be a two-decade high. Mortgag
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