According to Zillow, over the last decade, home value in the metro Detroit area has appreciated by nearly 148%. But homeowners should be careful because in cities where the property market is booming, home title fraud is rising.
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The U.S. housing market has likely tumbled into its first recession in more than a decade, and Goldman Sachs economists warned that investors should brace for the downturn to get worse.
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It's been a rough few weeks for the real-estate giant. On October 18, the company announced that its instant-buying (iBuying) division, Zillow Offers, would cease buying up homes for the rest of the year.
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Mortgage rates are projected to decline next year — but that doesn’t mean prospective homebuyers should necessarily delay a purchase for the prospect of lower financing costs.
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