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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further. Landlord concessions have also somewhat increased.

Inventory 383
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What are the drivers of housing demand in 2022?

Housing Wire

This article is part of our Housing 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. enters the third year of the pandemic, the 2022 housing market remains on stable ground. While interest rates are projected to rise in 2022 to 3.5% As the U.S. Demographics.

Buyers 453
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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

In addition to making buyers more prudent in their purchases, local real estate professionals also say interest rates are to blame for the area’s lack of inventory. Cilic added that some would-be sellers are choosing to become landlords instead, renting out their properties with 3% interest rates.

Buyers 368
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Logan Mohtashami: The 2022 housing forecast

Housing Wire

With those two factors still very much in play, here is my 2022 forecast. For 2022, my range for the 10-year yield is 0.62%-1.94% , similar to 2021. The economy won’t be as hot in 2022 as it was in 2021, but it will remain in expansionary mode. For 2022, I am forecasting the same sales trend range as 2021 of about 5.74

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Opinion: Stop subsidizing Wall Street buying up homes

Housing Wire

This greatly reduces the inventory of the homes that first-time buyers would normally seek. These investors aren’t paying more for homes than families, but their all-cash, as-is, bulk purchases swoop up much of the inventory out of the hands of aspiring homeowners. The impact of these purchases on available inventory is what matters.

Investors 395
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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. level from the second quarter of 2022 and far beneath a recent peak of 60.8%

Investors 351
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Through the eyes of the single-family rental lobby

Housing Wire

“For homebuyers, across the country we expect the shortage of homes for sale to extend well into 2022.”. In assessing blame for a high-demand, low inventory housing market, one finger is pointed at companies that purchase single-family homes as an investment. Selling out: America’s local landlords. single-family home market.

Investors 392