Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. Across the 19 East Coast and Midwest states in which CSS operates, appraisals were higher than sale prices in 57% of transactions during the second half of 2024. That share was up from 53%…
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After a month of no movement, homebuilder confidence is back on its upward trajectory. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose one point in January to a reading of 47. The trade group attributes the jump to builders having a more optimistic attitude as they anticipate improved economic growth and regulatory conditions…
“Selling the City,” the newest offshoot of the “Selling Sunset” franchise, features a team of real estate professionals dedicated to breaking records and to building empires.
“The standard of living of the average American has to decline,” he said. “I don’t think you can escape that.” These were the words of Federal Reserve Chairman Paul Volcker as he testified before Congress in October 1979. Inflation was 13%. Volcker’s predecessors, Arthur Burns and William Miller, had failed to control prices. Stagflation gripped…