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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Top Ranked Realtors: Paige Martin & The Houston Properties Team. The market will see an influx of price drops and hikes due to low inventory and high demand. I May Need To Sell.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. They have declined for two consecutive months, according to the National Association of Realtors®. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC.

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

The Better Business Bureau (BBB) reports an increase in shady practices since the start of the pandemic, including demanding substantially higher fees after loading or transporting goods, having unreasonably long delivery windows and holding items hostage for additional charges. Monthly inventory stands at 0.4 The cupboards are bare.

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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. Fuel to fill our vehicle gas tanks and to transport goods weigh heavily on inflation; 18% of the Consumer Price Index is for transportation costs – the second largest component of the CPI after housing/shelter (42%). in 12 months.