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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

annually to $350,000, according to the Friday report from the National Association of Realtors. The supply of homes for sale fell to a record low, down 16.5% months of supply; a healthy market generally has between four and six months of supply. January sales fell 2.3% from a year ago. That translates to just 1.6

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Here are 4 macro trends impacting the 2022 housing market

Housing Wire

Like many parts of the economy, housing construction may remain plagued by supply chain challenges, labor shortages and rising costs. This could possibly leave the housing market with insufficient supply to meet the potential high demand, and home prices may increase, but at a slower pace as affordability challenges could intensify.

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What to Know About Home Renovations in 2023

Lamacchia Realty

Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects. It’s so important to stay informed of the impact of inflation, availability of materials, and supply chain issues. Building materials costs index - U.S.

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What to Expect from the Real Estate Market This Winter

Eppraisal

Again, good news for sellers; a headache for seekers. Home Buyer Profiles The number of first-time home buyers is growing substantially , according to the National Association of Realtors. Industrial and warehouse space will be at a premium, particularly in response to the supply chain disruptions of 2021.

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What has Been the Impact of COVID-19 on the Real Estate Market?

Boston Appraisal

COVID-19 Impact on Buyers and Sellers These low loan rates are pushing buyers to risk virus exposure in search of better housing. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. What does this mean for sellers?

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What has Been the Impact of COVID-19 on the Real Estate Market?

Boston Appraisal

COVID-19 Impact on Buyers and Sellers. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. What does this mean for sellers? On the other hand, if the economy recovers quicker than expected, we could see Feds bring the rates up a bit to slow demand.

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How Will the Fall Market in 2021 Be Different?

Eppraisal

According to an article written by Jared Bernstein, Jeffery Zhang, Ryan Cummings and Matthew Maury on whitehouse.gov, "The Covid-19 pandemic shifted families' preferences for location and type of housing, exacerbating existing supply chain constraints that, for several reasons, have persisted for many years.