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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Mortgage interest rates The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023. most likely by mid-year.

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

Housing Wire

The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Do Wood Floors Increase Home Value?

Lamacchia Realty

Do Wood Floors Increase Home Value? If you’re thinking about selling your house, one upgrade that can increase your home’s resale value is hardwood flooring. Potential home buyers may be looking for that extra bit of charm that wood floors offer. appeared first on Lamacchia Realty.

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Realtor.com reveals new tools to evaluate climate risk exposure 

Housing Wire

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. million Americans in 2023. homes, valued at $19.7 homes, worth $13.6 of homes in the U.S., ” U.S.

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S. Fla.’s Fastest Rising Home Values? Near Rail Stations

Empire Appraisal Group

s Fastest Rising Home Values? Home values near a S. MIAMI – Home values for properties near South Florida’s expanding rapid transit rail system are appreciating faster than other homes in the region. Source: Wall Street Journal (05/23/23) Acosta, Deborah © Copyright 2023 INFORMATION INC.,

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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

In metros across the country, decade after decade, pre-internet and post-internet, buyer agents almost always get 2-3% of the sale price, paid by the seller, the researchers note. and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%. One of the researchers, Will Fried, had a hunch.

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Home price growth slowed further in October

Housing Wire

With the Federal Reserve expected to continue increasing interest rates in 2023, albeit at a slower pace, Lazzara said he expects the decline in home price growth to continue. “As San Francisco and Seattle peaked in May 2022, and both have declined by more than -10% since then.”.