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How the housing market will evolve in 2023

Housing Wire

After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. They eased below 6.5%

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

Housing Wire

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Do You Want To Buy A Home Now? Avoid 9 Costly Mistakes Sellers Make. If you're looking for a personal recommendation on your situation (buying or selling a home in Houston) and how it could impact your goals, please contact Paige Martin at Paige@HoustonProperties.com. 2020 ended favoring sellers. Need To Sell?

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How Was The Housing Market in 2022?

Birmingham Appraisal

From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. It’s important for sellers to recognize this or the home they are selling may be overpriced and it will take longer to sell. Average Days on Market.

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Buyer’s vs. Seller’s Market: How to Tell the Difference

Assurance Financial

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8%

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Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A However, 71% of agents in Houston have sold less than 5 homes their entire career." Disadvantaged homes sell more slowly or at larger discounts. With higher home values come higher rental rates.