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The Luxury Home Market Confronts Its New Reality: Not Enough Buyers and Sellers

Listen to article(2 minutes)When Joan Dangerfield, wife of the late comedian Rodney Dangerfield, first walked into her Los Angeles home in the early 2000s, she knew immediately that she would buy it. The Art Deco-style estate, perched in the coveted Bird Streets above L.A.’s Sunset Strip, had dramatic views spanning Downtown Los Angeles to the ocean and Catalina Island. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to article(2 minutes)When Joan Dangerfield,

See the Full Rankings for WSJ/Realtor.com's Summer Emerging Housing Markets Index

How metro areas across the U.S. stack up in the newly updated summer 2023 rankings. How metro areas across the U.S. stack up in the newly updated summer 2023 rankings. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want…

Indiana, Midwest Take Top Slots in WSJ/Realtor.com Housing Index

Lafayette, Ind., retained the top spot in the emerging home markets index for a third consecutive quarter. Lafayette, Ind., retained the top spot in the emerging home markets index for a third consecutive quarter. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you…

Home Prices Fell Year-Over-Year in May

Home prices fell from a year earlier in May for the second straight month, as elevated mortgage rates and high prices sidelined buyers. Home prices fell from a year earlier in May for the second straight month, as elevated mortgage rates and high prices sidelined buyers. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to…

Home Sales Fall Amid High Mortgage Rates, Low Supply

Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to a seasonally adjusted annual rate of 4.16 million. Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to a seasonally adjusted annual rate of 4.16 million. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary…

Homeowners Don't Want to Sell, So Home Builders Are Booming

High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was being pushed to a new home,’ said one builder. High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was being pushed to a new home,’ said one builder. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an…

China's Property Market Enters Troubling New Phase

Real-estate demand appears to be waning as more supply hits the market, raising fresh risks for an already-fragile economy. Real-estate demand appears to be waning as more supply hits the market, raising fresh risks for an already-fragile economy. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Home Prices Post First Annual Decline Since 2012

The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, fell 0.2% in April, the index’s first annual decline since April 2012. The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, fell 0.2% in April, the index’s first annual decline since April 2012. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each…

Higher Interest Rates Hit Home Prices Again

U.S. existing home prices fell in May from a year earlier by the most in more than 11 years. U.S. existing home prices fell in May from a year earlier by the most in more than 11 years. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content…

Today's Rate Hikes Threaten to Push Up Tomorrow's Housing Costs

Fewer builders are starting new homes amid high prices for materials and loans, threatening housing shortages. Fewer builders are starting new homes amid high prices for materials and loans, threatening housing shortages. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors.…