Tag: Recession
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Is the housing market about to crash? Here’s what experts say
After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market is finally slowing. Home sales had declined for 11 consecutive months as of December 2022, and home values seem to have peaked. While demand and price gains are cooling, any correction is…
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Tech’s Bust Delivers Bruising Blow to Hollowed-Out San Francisco
Job cuts and remote work are colliding to reshape the center of American innovation. San Francisco’s Salesforce Tower opened almost five years ago as a monument to the region’s tech-driven economy, piercing the skyline as the tallest office building on the US West Coast. It symbolized a boom for the city’s downtown, alongside a new futuristic…
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Why This Housing Downturn Isn’t Like the Last One
A postcrisis mortgage-market makeover and an overhaul of the financial system make a repeat of 2008 unlikely The pandemic housing boom is over. The bust will look nothing like the last one. Before the financial crisis of 2008, lenders barely bothered to verify mortgage applicants’ income. Today they demand reams of evidence that borrowers can afford their…
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These Cities to See Biggest Price Drops Amid Talk of Housing Market Crash
Experts believe that the housing market is currently in the midst of a correction after the past couple of years saw soaring mortgage rates and heavy inflation, as well as major increases in housing prices. Though there have been warnings that the housing market is headed for a crash, some people have cast doubt on whether the…
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Is the U.S. Headed for a Housing Market Crash in 2023?
High mortgage rates, soaring inflation, rapid growth over the past couple of years and other factors have been at the center of recent discussions on the fate of the U.S. housing market. Though some experts—such as Barry Sternlicht, CEO of the private equity company Starwood Capital Group—have warned that the market is heading for a crash,…
Daniel Kaufman Real Estate 