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Impatient homebuyers are gradually accepting the reality of the housing market: BofA

Housing Wire

It deepened an already existing inventory shortage and worsened affordability woes. However, homebuyers are resourceful and show signs of adaptation to the current market BofA researchers found that homebuyers were willing to sacrifice several features to find their home quicker.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

Andrew Cuomo's office suggested last week that such a levy might reap $9 billion for the moribund Metropolitan Transportation Authority over the next decade and Assembly Speaker Carl Heastie reiterated his chamber's support proposal at a Crain's breakfast forum days later. That article came out in 2014 right as the housing market was peaking.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. households were formed between 2012 and June 2021 but just 7M new single-family homes were built in that time. Monthly inventory stands at 0.4 Clair via email or phone (206-934-5449).

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