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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. most likely by mid-year.

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Don’t expect a drastic housing market turnaround in 2023, Fitch Ratings says

Housing Wire

The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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S. Fla.’s Fastest Rising Home Values? Near Rail Stations

Empire Appraisal Group

s Fastest Rising Home Values? Home values near a S. MIAMI – Home values for properties near South Florida’s expanding rapid transit rail system are appreciating faster than other homes in the region. Source: Wall Street Journal (05/23/23) Acosta, Deborah © Copyright 2023 INFORMATION INC.,

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Do Wood Floors Increase Home Value?

Lamacchia Realty

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. appeared first on Lamacchia Realty.

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Realtor.com reveals new tools to evaluate climate risk exposure 

Housing Wire

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. million Americans in 2023. homes, valued at $19.7 homes, worth $13.6 of homes in the U.S., ” U.S.

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August 2023 Massachusetts Housing Report

Lamacchia Realty

AUGUST 2023 massachusetts housing report August Highlights INSERT BLURB HERE MASSACHUSETTS Combined Home Sales Down 22.4% year over year, with August 2023 at 6,833 compared to 8,809 last August. 2023: 5,974 2022: 7,609 2021: 8,995 Price Reductions: The number of price reductions is down 26.5% Combined sales are down 22.4%

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May 2023 Massachusetts Housing Report

Lamacchia Realty

May 2023 massachusetts housing report May Highlights MASSACHUSETTS Combined Home Sales Down 24.6% year over year, with May 2023 at 5,994 compared to 7,950 last May. 2023: 7,571 2022: 9,417 2021: 10,161 Price Reductions: The number of price reductions is down 32.6% Combined sales are down 24.6% when compared to May 2022.

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