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The nation’s housing market is on a correction course

Housing Wire

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. Freddie Mac projects that home-price growth will average 12.8% By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports.

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Real Estate Market Trends for 2023 – Real Estate Real Fast EP11

Listing Spark

Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Price drops are becoming more normal, and we can expect home values to decrease by 10-15% on average across major markets. Listing Agents: Be careful when selecting listing agents who only charge 1% commission.

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Texas Real Estate Trends: Q3 2023 Comprehensive Review

Listing Spark

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable.

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Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

for overall real estate prospects Houses spend less than half the amount of time on the market than in 2021 Houses sell for almost $5,000 less than the national median price Over half of Raleigh residents own their home Raleigh Real Estate Demand Raleigh real estate trends show an increase in demand for housing in The Triangle.

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2024 Texas Real Estate Housing Report

Listing Spark

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. It was an inevitable end to arguably the greatest run-up in home values in history. trillion in 2021. Some markets were affected more than others.

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Texas Real Estate Market Report: Analyzing Trends & Predictions for 2023

Listing Spark

This comes largely as a result of a steeper run up in prices in 2021. Compared to 2021’s extremely low months supply of inventory of 0.6 2021 was a meteoric run up in home values, market activity, and consumer confidence. Compared to 2021’s extremely low months supply of inventory of 0.6

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

They wonder if they missed their opportunity to buy before interest rates rise along with home values. This newsletter started 2021 raving about the explosive growth across the Eastside and there is no sign of a letup. Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue.