Home prices fall in ‘pandemic boomtowns’ due to market downturns

Home prices fall in ‘pandemic boomtowns’ due to market downturns

Homeowners in markets that boomed when the real estate sector was red-hot during the COVID-19 pandemic are now being forced to cut prices due to falling demand, according to data released Monday by Redfin. In the US, 21% of home sellers lowered their asking prices in July – the highest share since Redfin began tracking…

Venture Capital: How Big Will The Big Chill Hit NZ?

Venture Capital: How Big Will The Big Chill Hit NZ?

Investors who fund startups are turning heads in the US and Australia, slashing the value of their existing holdings amid rising interest rates, recession fears and a slump in tech stocks. in public markets. Industry players say New Zealand might not be hit as hard, given that investors here have been more conservative and bought…