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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

With material and labor shortages, and supply chain issues it is taking a year-and-a-half to two years to complete a property. In addition to impacting homebuyers, in Florida, Williams believes rising insurance costs may lead to lower home values. “If

Insurance 349
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Home prices haven’t risen this fast since 2005

Housing Wire

Alternatively, there may have been a secular change in preferences, leading to a permanent shift in the demand curve for housing.” ” Technology for navigating secondary market challenges. Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices.

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2022 Housing Market Predictions: What To Expect

Quicken Loans

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed.

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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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Dave Stevens on understanding this housing market

Housing Wire

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had.

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New home sales fell again in February

Housing Wire

“This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 months supply. This is an increase of 3.3% after a 10.4% drop in January.

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What to Expect from the Real Estate Market This Winter

Eppraisal

Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. The Price of Money Another financial prophecy for the winter months is that mortgage interest rates will go up -- a 30-year fixed rate product is expected to increase by 3.5