Remove 2022 Remove Construction Remove Home Value Remove Housing Market
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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. Todd Armstrong, A COMPASS AGENT IN SAN DIEGO Since early 2022 many insurers and reinsurers who back insurance policies have either left the state, scaled back operations or fallen into insolvency.

Insurance 370
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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Pending home sales decreased in all four regions compared to one year ago. from February 2022. Pending home sales rose 0.4%

Contracts 306
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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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What’s in a Street Name? A Key to Home Values

Empire Appraisal Group

A Key to Home Values. Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll street homes took longer to sell. Some street and neighborhood names are more associated with expensive homes than other names. The worst homes to sell were on Timber Street.

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Millennials struggle to compete with boomers for homes

Housing Wire

Over the same time period, home values grew 31.2%. In the past two years, prices have grown an additional 22%, which should come as no surprise, as more than half of homes sold this past July went for above list price and there appears to be no end in sight, as Goldman Sachs predicts that home prices will rise another 16% in 2022.

Buyers 539
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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

Census Bureau released the homeownership rates for 2022. Despite efforts by some in the housing industry, the minority homeownership gap has barely improved in the last 30 years. Less demand for homes will cause home values to drop in many neighborhoods. In January, the U.S. The overall U.S.

Legal 384
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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. So, while the rate of home-price gains is trending downward, home values are still appreciating overall.

Marketing 410