Tag: housing market

Buyers in California’s Orange County Bidding up Tight Housing Market

Limited supply is driving up housing prices in Orange County, with sales records indicating declining inventory and an uptick in price in June as compared to the same time last year. “It’s not insatiable demand,” Steven Thomas, founder of Reports on Housing—which publishes biweekly analyses of the real estate industry since its founding in 2004—told The Epoch Times. “It’s actually ...

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Investor Home Purchases Fell 49 Percent in One Year

The percentage of homes purchased by real estate investors fell 49 percent  compared with what they bought a year before, and overall home purchases fell 41 percent, according to real estate brokerage Redfin, which analyzed date from 40 major metros. Something that may have led investors to retreat from the housing market likely are rising interest rates. Even though investors buy ...

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‘Big Short’ Investor Warns of Potential $200 Billion Housing Market Crash Due to Underestimated Flood Risks

Dave Burt, CEO of DeltaTerra Capital and renowned “Big Short” investor who foresaw the 2008 housing crisis, has voiced his concern over a potential repeat of the crisis. His worry is centered on what he sees as an underestimation of the systemic risk flooding poses to the mortgage market. Burt’s successful prediction of the subprime mortgage crisis and his consequent ...

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