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Opinion: The end of seller speculation in US housing market

Housing Wire

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

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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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Home price growth slows but affordability pressures remain: Black Knight

Housing Wire

Home price growth slowed in May, showing signs of a cooling housing market. But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in May from a revised 20.4%

Inventory 388
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4 reasons you’re better off selling your house this spring [INFOGRAPHIC]

Cornerstone

The fact that housing inventory is at record lows has driven up prices – and potential profits — by 14.1 Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. in contrast to the all-time high of 868 seen in 2006.

Sellers 66
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New home sales fell again in February

Housing Wire

Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. This is an increase of 3.3%

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Too many appraisers?

Appraisal Today

Hot housing market not a bubble, economists say. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. “Americans have seen home values rise at record rates over the past few years.

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8 Experts: Sky-High Housing Prices Won’t Fall

Empire Appraisal Group

USA TODAY spoke to eight experts to find out if a housing crash is on the horizon. For one, they say the housing market in 2021 is not like the boom-bust cycle leading up to the Great Recession. But … home price growth will decelerate in the coming year, experts predict. Stronger mortgage market. The short answer?