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Pueblo real estate businesses hit hard by housing market slowdown
Pueblo’s real estate market is continuing to slow down, and the fallout is impacting businesses industrywide. It’s not just Realtors feeling the impacts — it’s home builders, mortgage lenders and title companies too. “Overall, the housing slowdown is having a ripple effect across the industry as we see more title companies, mortgage companies and builders reducing staff,” said Dave Anderson, Pueblo Association of Realtors communications chair. “There’s layoffs coming, I am sure,” said Randy Nobiensky, self-employed contractor with RH Builders who is seeing the impact on builders and Realtors. “We are all connected, all in the same boat, and with the interest rates where they are. People are not buying,…
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The Quarter Is Marked By A Slowdown For New York Real Estate
As the third quarter unfolds, New York City’s real estate experts should get a better sense of where … [+] our market is headed. getty For the New York real estate market, the first quarter of 2022 delivered the same high volume of sales and competitive bidding situations as the latter months of 2021. However, towards the end of March a breath of slowdown crept in. Throughout the second quarter that slowdown has accelerated: fewer signed contracts, fewer bidding wars, more price reductions, and a gradual increase in available inventory. The host of factors bedeviling our national economy have come home to roost. Aggressive, if belated, interest rate increases as…