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A closer look at housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The “Queen city of the Ozarks” needs more homes.

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Insurance carrier exodus rattles California and Florida housing markets

Housing Wire

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs.

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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. In addition, home values and sales skyrocketed. In combination with low housing inventory and labor shortages, that drove up selling prices.

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Home prices haven’t risen this fast since 2005

Housing Wire

Home prices accelerated yet again in March, for the 10th straight time. from March 2020, according to the most recent S&P CoreLogic Case-Shiller Home Price Index report. “With so few existing homes available for-sale, would-be buyers continue to eagerly seek out newly constructed homes, even as prices rise.”

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Are higher-risk homes cheaper?

Housing Wire

According to the National Centers for Environmental Information, there were 22 weather and climate disasters in 2020 which cost over $1 billion. The average home value for high hazard risk properties is $697,000, as compared to the neighborhood average of $773,000 dollars. The post Are higher-risk homes cheaper?

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Rate buydowns are the cat’s meow in today’s market

Housing Wire

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. 2020 was the best year in American history for personal income. So, what did they do?