Is The Housing Market Slowing Down: Redfin 2023 Predictions

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As mortgage rates rise and inflation remains stubborn, there are signs that the housing market is slowing down. Here’s what it means for investors.

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Saltwater breezes on that massive porch: Historical Galveston mansion-turned-B&B on

GALVESTON, Texas – Fully furnished and located on three lots, the historical 1899 Schaefer Haus Mansion — a currently functioning bed and breakfast in Galveston — is for sale for $1,200,000.

The six-bedroom, six full bathroom and one half bathroom home is on a massive, three-lot space in the “heart of Galveston’s East End Historic District,” according to the full listing here.

Take a look through the home and see its “turnkey” condition in the photos below. We’re drooling over here over some of the antiques on display that would come with the estate that survived the great flood of 1900.

“Countless original details remain throughout the property including five hand carved mantles, stick and ball fretwork, and exquisite trim work,” the listing reads. “The upper floors have six units available to rent, each with private, attached baths. The large public spaces, porches, and grounds are enjoyed by the guests. There is over 2,000 square feet of storage below the main level, as well as an oversized garage. Whether this property’s future continues as a successful B&B, perhaps a law office, or even back to the grandeur of a single family home, it will certainly provide an excellent future for its next steward.”

Take a look inside:

511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)511 17th Street (Premiere Realty Services)

What do you think of this property? Let us know in the comments.

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He's at the center of Triangle's sizzling housing market

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Jim Allen leads a top performing real estate team in the Triangle’s buzzing housing market. And even though uncertainty is gripping the economy, he’s confident local home values will return to their upward swing in 2023.

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Real estate funding startup Setpoint rakes in $43M Series A

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The funds came from a variety of investors, including Andreessen Horowitz, Fifth Wall, 645 Ventures and others. The funding is notable for coming amid a cooling housing market.

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nfg careers

The Nicole Freer Group is looking for a real estate photographer with at least a few years experience in photographing homes.

⁃Must have a flexible weekly schedule

⁃Proficient in camera knowledge,

Shooting, and Editing

-Knowledge of video shooting and

editing real estate videos is a plus

Part of the application process will include submitting sample images that you have shot and edited of a house exterior, interior, and dusk/twilight.

Nicole Freer Group is a top 10 Producing Real Estate Team in the Houston Metro Area

At the Nicole Freer Group, being a team member is more than just a job, it’s a lifestyle. We take pride in our unique team culture and dynamic that sets us apart from other brokerages. We truly love what we do and who we do it with! When you join our team, you’ll be surrounded by the top professionals in the area and will be provided with mentoring and accountability to ensure your success.

 

Real Estate Photographer Application

The journey so far suggests global real estate market stabilization to take hold mid-2023

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Velocity and timing of stabilization, repricing and recovery to differ across markets and sectors, creating multiple investment opportunities…

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Hong Kong home prices drop to the lowest in nearly five years — and the worst may not be over

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Prices of Hong Kong’s residential properties plunged to a near five-year low as rising interest rates and a mass exodus of expat workers drove down prices.

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After record stretch, real estate market seeing changes

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The Wood River Valley real estate market continues to show signs of strength, despite rising interest rates and efforts by the Federal Reserve to slow the economy to curb inflation.

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The 10 best real estate markets of 2023: Goodbye COVID boomtowns, hello mid-sized markets

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With mortgage rates almost doubling since the start of 2022, affordability remains a big concern for buyers. These real estate markets will get active

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