
60% of Price Surge Resulted from Remote Work
A Fed study found that every 1 percentage point increase in remote work resulted in about a 0.9 percentage point increase in housing prices.
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Real Estate ‘Reset’ Confuses Buyers and Sellers
The Fed says its rate hikes will “reset” the housing industry, but the disruption may come largely from buyer-seller confusion. If confused, people tend to do nothing.
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Insurers Stop for Storm – Should Return Mon.
Buyers who need property insurance to close are out of luck while a hurricane threatens Fla., but many insurers expect to start writing policies again on Mon.
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NAR: Pending Sales Drop 2.0% in Aug.
Chief Economist Yun blames rising mortgage rates, saying the market will stabilize if “mortgage rates moderate and the economy continues adding jobs.”
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