According to Altos Research’s Mike Simonsen, one in three homes listed for sale in the U.S. has taken a price cut, signaling a potential negative turn in home prices nationally this spring. With mortgage rates still high at around 7 percent, sellers are adjusting prices to meet cautious buyers, as inventory increases in many parts of the country. Despite a slight increase in median price for pending sales, other indicators like widespread price cuts and an uptick in unsold listings suggest a possible slide in home prices this year, with weaker demand and underperforming sales in January indicating a challenging market ahead.
Full Article
Deadly stabbing of Ukrainian refugee on Charlotte light rail raises questions about public safety
A deadly stabbing of Ukrainian refugee Iryna Zarutska in North Carolina has sparked outrage, with President Trump criticizing local officials for allowing the suspect, Decarlos Brown Jr., to remain on the streets despite his extensive criminal history and mental health issues. The attack, captured on surveillance video, has ignited discussions on public safety and the handling of repeat offenders and mental illness in the justice system. Want More Context? 🔎
Read more