Buyers

Existing home prices fall 11% from the peak.  Sales hit the lowest lockdown level.  Cash buyers and investors pull back sharply

Existing home prices fall 11% from the peak. Sales hit the lowest lockdown level. Cash buyers and investors pull back sharply

At the right price, any house will sell. But sellers don’t want to set the right price for their homes. By Wolf Richter for WOLF STREET. It’s getting relentless: Sales of former homeowners’ homes, apartments and co-ops fell 1.5% in December from November, the 11th straight month of month-over-month declines, and 34% year-on-year, to a …

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Apple confirms more problems for iPhone 14 Pro, iPhone 14 Pro Max buyers

Apple confirms more problems for iPhone 14 Pro, iPhone 14 Pro Max buyers

01/17 Update below. This article was originally published on January 14 The iPhone 14 Pro and Pro Max models suffer from a bizarre issue that causes horizontal lines to flash across their screens. Apple has now confirmed the problem and revealed that it is working on a fix. In an internal Apple memo seen by …

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Record numbers of car buyers are now paying $1,000 a month, but should they?

Record numbers of car buyers are now paying $1,000 a month, but should they?

As drivers increasingly want brand new, rigged versions of vehicles, record numbers are paying $1,000 or more in monthly payments. The Edmunds Car Buying Guide reported this week that more than 15% of consumers who financed a new vehicle late last year committed to a monthly payment of $1,000 or more, which could put a …

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Explanatory |  The new ban on foreign home buyers in Canada begins January 1.  Here's how it works

Explanatory | The new ban on foreign home buyers in Canada begins January 1. Here’s how it works

A two-year federal ban aimed at preventing non-Canadian individuals and companies from buying residential property takes effect January 1. It is a measure that is supposed to help make housing more affordable for those who live in this country. The legislation has a host of exceptions, including international students and refugees. But some critics say …

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The outlook for Tesla budget buyers has changed dramatically and is set to change even more!

The outlook for Tesla budget buyers has changed dramatically and is set to change even more!

In this article, I try to mostly ignore the Elon Twitter drama and the TSLA stock market drama and focus on what’s changed for Tesla buyers interested in the Model 3 or Model Y, their two most popular models. cheaper right now. I have been a Model 3 and Model Y fan and my family …

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'A welcome development': As mortgage rates drop for a fifth week, experts say the market has tipped 'a bit more in favor of buyers' despite lingering 'affordability hurdles'

‘A welcome development’: As mortgage rates drop for a fifth week, experts say the market has tipped ‘a bit more in favor of buyers’ despite lingering ‘affordability hurdles’

‘A welcome development’: As mortgage rates drop for a fifth week, experts say the market has tipped ‘a bit more in favor of buyers’ despite lingering ‘affordability hurdles’ Mortgage rates continued to fall for the fifth straight week after the Fed announced its seventh rate hike of the year. Sam Khater, Freddie Mac’s chief economist, …

‘A welcome development’: As mortgage rates drop for a fifth week, experts say the market has tipped ‘a bit more in favor of buyers’ despite lingering ‘affordability hurdles’ Read More »

The Mercedes-Maybach S-Class Haute Voiture is not for us poor car buyers

The Mercedes-Maybach S-Class Haute Voiture is not for us poor car buyers

Image: Mercedes Benz I always thought that Mercedes-Maybach S-Class was the ultimate, the highest expression of Mercedes-luxuryBenz. Man was I wrong. The German luxury carmaker has taken its Maybach S-Class one step further into unattainable luxury, launching a very limited edition who makes the standard sedan pale in comparison. Enter the Mercedes-Maybach S-To classify High …

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As US home prices fall, an alarming number of buyers are underwater

As US home prices fall, an alarming number of buyers are underwater

Soaring mortgage rates don’t just increase the cost of buying a new home. An alarming number of recent buyers have discovered they already owe more on their property than it’s worth, according to a new analysis. Some 250,000 people who took out mortgages this year to buy a home are now underwater, meaning they owe …

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