The Latest Breaking News from Housing Market

Bristol estate agents react to Autumn statement and the prediction house prices will fall by 9%

"The ship just feels like it's being steadied; even though it's still tough, it’s easier to understand.”

Bristol Post · Nov 17, 2022

Robots that mimic handwriting, holiday food drives, and many calls. Real estate agents go after clients in a slower market

PHILADELPHIA — Over the last two months, Darlene E. Jamison, team leader of the RE/MAX-affiliated Jamison Team, has been sending more texts and making more calls. She and her husband, Kevin, are "planting the seeds" by asking past clients to keep them in mind for future moves and trying to…

The Philadelphia Inquirer · Nov 17, 2022

Dallas Fed: A bursting housing market bubble could once again plunge us into recession if policymakers aren’t careful

"The possibility of a sharp price correction leading to an economic contraction would further complicate Federal Reserve inflation-fighting efforts" writes the Dallas Fed.

Fortune · Nov 17, 2022

UK house prices fall £4,159 in a month while rents hit new record high

The housing market is still feeling the effects of September’s mini-Budget

Evening Standard · Nov 14, 2022

London house prices drop £13,000 in a month as jittery buyers step back from the market

The housing market is still feeling the effects of September’s mini-Budget

Evening Standard · Nov 14, 2022

The Pandemic Housing Bubble is bursting, says KPMG

"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.

Fortune · Nov 13, 2022

Latest survey underlines Northern Ireland housing market jitters despite price gains

On balance, agents expect the market to soften in the coming quarter

Birmingham Post · Nov 11, 2022

Housing market predictions: the forecast for the next 5 years

It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both buying activity and purchase prices. Yet, with inventory…

Tribune News Service · Nov 10, 2022

Redfin Lays Off 13% Of Staff, Suggesting The Housing Market Will Get Worse Into 2023

With rising interest rates, there are growing concerns that the current housing market downturn may last through 2023, and a residential real estate brokerage is getting ahead of the curve by laying off 13% of its staff.

Benzinga · Nov 9, 2022

Seattle’s Redfin to cut workforce by at least 13%, end its house flipping initiative

SEATTLE — The cooling housing market is driving yet another round of layoffs at a Seattle-based company.

Tribune News Service · Nov 9, 2022