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Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”. Both a pullback in demand and limited supply remain vexing problems for the housing market. months in October 2021. In October, 24% of homes received over the asking price.

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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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August 2023 South Florida Housing Report

Lamacchia Realty

Miami-Dade County In August of 2023, Miami-Dade single-family homes and condos/townhomes saw decreases in closed sales, pending sales and new listings. Palm Beach County In August of 2023, Palm Beach single-family homes and condos/townhomes both saw a decrease in new listings and pending sales.

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March 2023 South Florida Housing Report

Lamacchia Realty

march 2023 south florida housing report March Highlights SOUTH FLORIDA Broward County In March of 2023, Broward County single-family and condo/townhome average price, closed sales, new listings, and pending sales all decreased. Instant Home Evaluation See immediately how this market is impacting your home value.

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May 2023 South Florida Housing Report

Lamacchia Realty

Palm Beach County In May of 2023, Palm Beach single-family and condo/townhome closed sales, new listings, and pending sales decreased. The average price increased for condos/townhomes and single-family homes. Instant Home Evaluation See immediately how this market is impacting your home value.

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November 2023 South Florida Housing Report

Lamacchia Realty

november 2023 south florida housing report Broward County In November of 2023, Broward County single-family homes as well as c ondos/townhomes saw decreases in closed sales and pending sales, but increases in average price and new listings. What’s happening in the market? What does this mean for Buyers ?

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April 2023 South Florida Housing Report

Lamacchia Realty

april 2023 south florida housing report April Highlights SOUTH FLORIDA Broward County In April of 2023, Broward County single-family and condo/townhome closed sales, new listings, and pending sales decreased, with a slight increase in average price for condo/townhomes. Data provided by SunStats then compared to the prior year.