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Top related persons:
Shay Stein - 2 There's - 1 — - 1 Freddie Mac - 1 Redfin - 1 we've - 1 Craig J - 1 Lazzara - 1
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Las Vegas Wall Silicon Realtor.com
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Service - 2 Federal Reserve - 1 Redfin - 1 Homeowners - 1

Search resuls for: "Shay Stein"


2 mentions found


☆ Sliding mortgage rates are helping to thaw the frozen housing market, Redfin says
  + stars: | 2024-01-05 | by ( George Glover | ) www.businessinsider.com   time to read: +2 min
There's finally a glimmer of hope for the housing market, according to Redfin. AdvertisementThere are signs the frozen housing market is starting to thaw after a year where higher mortgage rates drove potential buyers away, according to Redfin. Still, the flare-up fueled a slowdown in housing market activity, with potential buyers disenchanted by higher rates and would-be sellers opting to stay put to take advantage of being locked in at a lower mortgage rate. Mortgage rates still look high compared to historic levels despite the recent pick-up in demand, according to real-estate agents. "There have been more tours and more offers on my listings since mortgage rates started declining," said Shay Stein, who works for Redfin in Las Vegas.
Persons: There's, —, Freddie Mac, Redfin, Shay Stein Organizations: Service, Federal Reserve, Redfin Locations: Las Vegas
☆ The housing market is stuck: Americans can't afford homes, investors aren't buying property, and economists see little relief ahead
  + stars: | 2023-09-02 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
Low inventory, high mortgage rates, and high prices have created a difficult housing market. Low inventory, high mortgage rates, and high prices have put the housing market into a state of unaffordability that's weighing on house hunters, current homeowners, and even real estate investors. AdvertisementAdvertisementAs things stand, roughly one-quarter of homeowners are sitting on mortgage rates of less than 3%, near the highest on record. The seasonally-adjusted data showed prices climbed in every single city in the group's 20-city index. Otherwise said, half the cities in our sample now sit at all-time high prices."
Persons: we've, Craig J, Lazzara, DJI, Daryl Fairweather, haven't, Shay Stein, Realtor.com, Fannie Mae, Bill McBride Organizations: Homeowners, Service Locations: Wall, Silicon, Realtor.com
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