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Housing market

More homes are sitting in Cleveland's real estate market, this broker says

by Amy Scott and Anais Amin
Nov 10, 2022
"The average days on market has gone from less than a week up to about 89 days," says broker Amanda Pohlman of Keller Williams Living.
"The market just isn't as robust as it has been," said Cleveland-based broker Amanda Pohlman.
Joe Raedle/Getty Images
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Tough housing market is pushing this lumber business to diversify

by Kai Ryssdal and Anais Amin
Nov 7, 2022
Sawmill Timberdoodle Farm has been investing in new equipment and looking into providing services along with its products, its co-owner says.
"Our business is pretty linked to new housing starts at the moment. And that hasn't been as robust as it has in the last two years," says Katrina Amaral, co-owner of Timberdoodle Farm. Above, a retail lumber outlet in California.
Frederic J. Brown/AFP via Getty Images
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The latest GDP report shows the economy's growing — and that trouble's ahead

by Mitchell Hartman
Oct 27, 2022
Rising interest rates plus a strong dollar equals stiff economic headwinds.
While Thursday's GDP report is a positive, it looks backward, and the economy is facing powerful headwinds. 
Spencer Platt/Getty Images
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U.S. mortgage rates top 7% for the first time in 2 decades

by Associated Press
Oct 27, 2022
Many potential homebuyers have moved to the sidelines as mortgage rates have more than doubled this year.
Allison Dinner/Getty Images
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Some signs that rents may be moderating after an up-and-down ride

by Sabri Ben-Achour
Oct 25, 2022
Migration shifts due to the pandemic are among the factors that have contributed to price fluctuations in the rental market.
A new report says that renting a place in most of the country has become cheaper per month than owning. 
Frederic J. Brown/AFP via Getty Images
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As the housing market cools off, buyers have "room to breathe"

by Meghan McCarty Carino
Oct 24, 2022
Rates are near 7% for a 30-year fixed mortgage, highest in two decades. For buyers who can afford it, shopping is less stressful.
Listings are staying on the market for about 19 days now, according to Zillow. That's much longer than in the spring.
Joe Raedle/Getty Images
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The mortgage business right now is even slower than 2008

by Kai Ryssdal and Andie Corban
Oct 12, 2022
Los Angeles mortgage broker Vivian Gueler says high rates, high home prices and a weak stock market are stopping people from buying homes.
High mortgage rates, among other factors, have chilled the recently hot real estate market.
Federic J. Brown/AFP/Getty Images
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Rising mortgage rates, cooling market an opportunity for all-cash buyers

by Matt Levin
Oct 5, 2022
Institutional investors are buying up houses to use as rental properties - and renting them to people who can't afford to buy a starter home right now.
The U.S. housing market is seeing a slow down in home sales due to the Federal Reserve raising mortgage interest rates to help fight inflation.
Allison Dinner/Getty Images
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What cheaper lumber means for the housing market

by Meghan McCarty Carino
Sep 27, 2022
Lumber is about as cheap as it was before the pandemic, a sign of the slowing housing market. But savings are offset by rising financing costs.
Even though lumber prices have eased, financing for builders and buyers has become costlier.
Frederic J. Brown/AFP via Getty Images
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In the housing market, more people are starting to back out of deals

by Samantha Fields
Sep 27, 2022
The reasons may vary, but one factor: rising mortgage rate.
More than 15% of home buying deals fell through in August, according to Redfin.
Stefani Reynolds/AFP via Getty Images
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