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Home prices haven’t risen this fast since 2005

Housing Wire

Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. Robert Frick, corporate economist at Navy Federal Credit Union , noted that some builders are slowing production in hopes prices will come down as the supply chain recovers.

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What to Expect from the Real Estate Market This Winter

Eppraisal

The recent trends in real estate in the United States have delighted some people and frustrated others. High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Yet if history demonstrates anything, it reveals the cyclical nature of the real estate 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. 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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2022 Housing Market Predictions: What To Expect

Quicken Loans

Anyone keeping an eye on the real estate market watched for predictions in 2021. In addition, home values and sales skyrocketed. real estate market is hot. The industry already faced housing supply constraints before COVID-19 hit. Thus, affecting the rate contractors can build new homes.

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How Will the Fall Market in 2021 Be Different?

Eppraisal

Real estate is cyclical year-over-year. Many real estate professionals believe it begins right after the Super Bowl. The market normally remains strong, and home values rise, through the spring and summer months. The 2021 fall real estate market is going to be different.

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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.