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Greater Boston’s housing market is cooling, but don’t think it’s going to get any easier to buy a house
Dwelling Purchasing The very same dynamics that have started to shift the market place have pushed housing even farther out of arrive at for a lot of. Aaron Berdofe, Annie Springfield, and their son, Calvin Berdofe, 4, in their Swampscott dwelling. The loved ones has been checking out a renovation, but community zoning regulations have prevented them from accomplishing so, and increasing costs and house loan fees make going to a bigger residence unappealing. By Andrew Brinker, The Boston World September 27, 2022 | 9:55 AM For Aaron Berdofe and his household, the timing was correct to obtain a new dwelling. Soon after his father’s demise in February, they wanted…
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Oregon housing market cools, but only slightly
Oregon’s housing market may have cooled slightly, but it’s certainly not cold. At least not yet. “I like to describe the market as having gone from white hot to red hot, but it’s definitely in the cooling phase,” said Drew Coleman, founder of Portland-based Opt Real Estate and past president of the Oregon Realtors Association. As the U.S. Federal Reserve continues to raise its benchmark interest rates — it raised rates by another 0.75 percentage points last week — mortgage payments go up, scaring some homebuyers away from deals they might have accepted had rates been lower. As the U.S. Federal Reserve raises interest rates, homebuyers’ prospective mortgage payments go…
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10 U.S. cities where housing markets are cooling the fastest
The housing market is in flux suitable now, thanks to significant mortgage rates, persistent inflation, and financial uncertainty, according to Redfin’s 2022 report. The know-how-run genuine estate brokerage rated 100 of the most populous metropolitan locations in the United States utilizing the subsequent metrics: charges price drops provide pending gross sales sale-to-checklist ratio velocity of home sales The review located that the marketplaces cooling off the quickest from February 2022 to August 2022 have been pretty much all on the West Coast. No. 1 city exactly where the housing market is cooling the fastest: Seattle, WA According to Redfin’s report, Seattle’s housing market place is cooling off more rapidly than…
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