Parsing the Bad News on the Housing Market
Home sales hit a nine-month low last month, a leading economic report said housing is “faltering,” and Fed Chairwoman Janet Yellen told Congress the housing market is “depressed.” What’s going on?
Home sales hit a nine-month low last month, a leading economic report said housing is “faltering,” and Fed Chairwoman Janet Yellen told Congress the housing market is “depressed.” What’s going on?
Redfin today announced the launch of its home-buying and selling services in Columbia and Greenville, South Carolina, as well as in Omaha, Nebraska. People in these areas can now search for homes on Redfin.com and the Redfin iOS and Android apps.
Congressional lawmakers grilled HUD Secretary Julian Castro about the FHA’s high default rate and questioned his recent move to cut borrowing costs.
Redfin hired industry veteran Mark Callahan to lead the business in New Hampshire. Mark is already on the ground touring homes with buyers and guiding them through the offer, negotiation and closing processes, and helping people sell their homes.
Redfin launched a new service called “Last Call,” which informs house hunters when a home is about to sell so they can make an offer on it right away.
Record-setting demand, more inventory, easier lending conditions and low interest rates are signaling that the housing market will be strong this year.
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