Zillow’s dismal outlook stoked fears that rising mortgage rates would result in the next downturn. Airbnb co-founder and CEO Brian Chesky warned: “this moment feels similar to late 2008 when we started” the online marketplace for lodging.
After crashing in March, existing home sales were expected to keep slumping in April as mortgage rates have done nothing but accelerate and mortgage applications collapse. Analysts were right
Idaho Governor Brad Little has signed a new law which gives a property tax reduction for higher-valued homes in order to assist in keeping older, low-income residents in their homes.
Is the real estate industry beginning to finally crack? After unexpectedly plunging in January, pending home sales were expected rebound very modestly in February (despite both new- and existing-home-sales tumbling as mortgage rates soar).
