Published 1 year ago

Housing market in tech hubs cooling faster than other parts of US

Summary by Ground News

The housing market in the Atlanta metro area is cooling at a faster rate than in other cities less dependent on the technology sector. Redfin surveyed agents on the effects a surge in tech layoffs, a shaky market for tech stocks and banking turmoil had on the local housing market. The five cities hit the hardest were Austin, Seattle; Phoenix; Tacoma, Washington; and Denver.

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Reuters

Housing market in tech hubs cooling faster than other parts of US

Housing markets in tech hubs are cooling more rapidly than other parts of the United States amid a wave of layoffs in the technology sector and elevated mortgage rates, according to real estate broker Redfin Corp's report on Monday.

1 year ago·United Kingdom

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Channel News Asia

Housing market in tech hubs cooling faster than other parts of US

1 year ago·Singapore

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The Epoch Times

Housing Market in Tech Hubs Cooling Faster Than Other Parts of US: Report

Housing markets in tech hubs and pandemic-migration hotspots are cooling faster than other parts of the United States ...

1 year ago·New York, United States

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Patch

Metro ATL Housing Market Cooling Faster Than Rest Of U.S.

Metro ATL Housing Market Cooling Faster Than Rest Of U.S. - Atlanta, GA - Metro Atlanta ranked no. 26 on a Redfin list that named the 100 largest metros with real estate markets that are quickly cooling.

1 year ago·United States

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Fox Business

Housing markets in tech hubs are cooling fastest as turmoil in sector persists

Tech hubs are becoming some of the fastest-cooling housing markets in the U.S. These hubs and pandemic hot spots have been hit hard as turmoil persists in the sector and housing costs remain elevated, according to a new Redfin report. Austin, Texas, was the fastest-cooling market over the past year as the Federal Reserve hiked interest rates, which pumped up mortgage rates, in order to ease inflation. REAL ESTATE REPRIEVE CONTINUES AS MORTGAGE …

1 year ago·United States

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