2023 Construction Contracts Home Value 
Housing Wire
DECEMBER 1, 2022
“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67
Housing Wire
JANUARY 9, 2023
One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. The National Association of Home Builders (NAHB) also recognizes the potential of the build-for-rent (BFR) sector. In addition, JP Morgan Chase & Co.
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Housing Wire
JULY 25, 2022
Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. Freddie Mac projects that home-price growth will average 12.8% in 2022 but will drop to 4% in 2023. By comparison, home-price growth was 17.8%
Housing Wire
JANUARY 13, 2023
The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . by the end of 2023,” the MBA’s December market-forecast report states.
Listing Spark
SEPTEMBER 25, 2023
Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable. Markets like Austin, which experienced the most substantial surge in values between 2020 and 2021, have seen the most significant increases in months’ supply of inventory and days on market.
Appraisal Today
APRIL 26, 2024
I have also done many relocation appraisals, done before the home is listed. What should appraisers look for in a sales contract? The underwriter revealed that the tool uses a ‘Census Block Grid’ adjustment (CBG) to evaluate comparable property values. You are “graded” on how close you come to the sales price. percent from 7.13
Housing Wire
APRIL 27, 2023
But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. billion [due to increased home values]. “…The
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