Recession
From staff reports About two-thirds of homeowners who are still living the same house they were in 10 years ago when the Great Recession began have reported that their home is worth more now, a new Bankrate survey revealed. The survey found that 23 percent said the value is about the same as it was…
Dallas was among nine metros where the bulk of home values have hit pre-recession levels, affordability is hampering one age group in particular from purchasing homes, Zillow is making yet another bid toward world domination, and mortgage rates are ticking up — all this and more in this week’s real estate news roundup.
There’s been a pretty steady drumbeat from leading economists — a recession is coming. In fact, at this month’s National Association of Real Estate Editors journalism convention, all three economists on a dais one Friday found themselves agreeing on two things: a recession is coming, and real estate won’t be the impetus this time. Frank…
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