HARTFORD, Conn. (WTNH) – Dozens of markets across the country are poised to see a significant increase in potential buyers in 2023. Realtor.com released its housing forecast and economic outlook for 2023, detailing which metro areas are expected to see growth – in both home sales and prices – during what is expected to be …
Top 10 Housing Markets Expected to See Significant Growth in 2023 Read More »
It’s been a year of watershed moments in real estate, and not a good one. The housing market index, a closely watched industry measure that gauges the outlook for home sales, fell to 33 in November on a hundred-point scale, its lowest level in a decade, except of the first dystopian month of the pandemic. …
Economists: A housing recession in the United States has already arrived Read More »
Adobe Stock/Amy Walters In housing, the two most basic factors to consider are location and employment. A long-standing rule of thumb is to “follow the jobs” by assessing housing markets with strong job growth and using that information to find opportunities. The labor market has been on a roll since the April 2020 low. Businesses …
Job growth may not save some housing markets in the short term Read More »
Topline Growing evidence has emerged this week that the Federal Reserve’s interest rate hikes, which have already caused a sudden collapse in the once-hot housing market, have fueled an unprecedented downturn for manufacturers, paving the way for which could lead to a prolonged downturn in the industry. production. ‘One of the biggest deteriorations in world …
| Getty Images Key points to remember Morgan Stanley predicted a 10% decline in house prices from June 2022 to 2024. This juxtaposes the 45% increase in prices the US housing market experienced between December 2019 and June 2022. Some markets are already showing significant price declines, topped by metros like San Francisco, Seattle and …
Housing market crash 2023: where will prices fall? And why? Read More »
The ad giant predicts renewed interest in Midwestern markets and a new generation of first-time homeowners, among other things. New markets require new approaches and tactics. Experts and industry leaders speak at Inman Connect New York in January to help navigate the market shift – and prepare for the next one. Meet the moment and …
In 2005, Fed Chairman Alan Greenspan told Congress that “a nationwide housing price bubble does not seem likely.” Of course, not only had a housing bubble formed, it was nearing its peak just as Greenspan was delivering this message on Capitol Hill. Fast forward to 2022, and the scars of the last bubble have clearly …
Average sales will remain at or above list prices in five of the top 10 selling markets, … [+] including Fayetteville, North Carolina. Getty The housing market shifted more towards buyers last month as the markets that cooled fastest in response to rapidly rising interest rates and house prices continued to moderate, according to the …
In June, Fed Chairman Jerome Powell told reporters that the overheated US housing market – which has seen US home prices rise more than 40% in just over two years – had need a “reset”. And higher mortgage rates, he said, would slowly bring “equilibrium” back to the market. “We saw [home] prices have risen …
Average monthly federal funds rate via the St. Louis Fed Chart Notes I use monthly averages because the Fed is now targeting a range. In addition, the target federal funds rate is abandoned and only dates from 1982. This is the steepest and most aggressive touring cycle ever. You can see the impact particularly in …
The Fed is advancing at the most aggressive pace ever (and what that means for housing) Read More »
