Remove Buyers Remove Home Value Remove Inventory Remove Supply Chain
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Home prices haven’t risen this fast since 2005

Housing Wire

Phoenix saw a 20% year-over-year home price increase, followed by San Diego with a 19.1% Home price data is consistent with the hypothesis that COVID-19 has encouraged potential buyers to move from urban apartments to suburban homes,” Lazzara said. increase and Seattle with a 18.3%. Presented by: MCT.

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The Current State of The Homebuilding Industry

Eppraisal

economy, home building prominent among them. From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. The last few years took a toll on many sectors of the U.S.

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How Will War, Inflation and Rising Interest Rates Affect the Real Estate Market

Eppraisal

From the Russian invasion of Ukraine to continued supply chain disruptions to increasing urban crime to inflation -- always inflation -- we are bombarded with challenging circumstances and pessimistic forecasts. How does this confluence of evil tidings affect home sales? Does Inflation Help or Hurt Home Value?

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2022 Housing Market Predictions: What To Expect

Quicken Loans

In addition, home values and sales skyrocketed. So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. In combination with low housing inventory and labor shortages, that drove up selling prices. Home Inventory Will Slowly Rise.

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What to Expect from the Real Estate Market This Winter

Eppraisal

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. This fact will give hope to buyers for the long term but what about the more immediate future? Young families are in need of housing so forbidding economic conditions will not be enough to postpone a home purchase.

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New home sales fell again in February

Housing Wire

“This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 months supply. “One year ago, 31% of new home sales were priced below $300,000.

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How Will the Fall Market in 2021 Be Different?

Eppraisal

The market normally remains strong, and home values rise, through the spring and summer months. These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." Real estate is cyclical year-over-year. million in 2018."