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Home prices haven’t risen this fast since 2005

Housing Wire

In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices.

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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. With material and labor shortages, and supply chain issues it is taking a year-and-a-half to two years to complete a property.

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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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What to Expect from the Real Estate Market This Winter

Eppraisal

Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. The Price of Money Another financial prophecy for the winter months is that mortgage interest rates will go up -- a 30-year fixed rate product is expected to increase by 3.5

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New home sales fell again in February

Housing Wire

“Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. months supply. This is an increase of 3.3% after a 10.4% drop in January.

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2022 Housing Market Predictions: What To Expect

Quicken Loans

Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. With a larger portion of the population working from their home, prospective buyers could move toward more suburban areas. Thus, affecting the rate contractors can build new homes.

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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.