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Housing Prices Likely to Have Slow Fall in 2023
Source: Yahoo! Finance --- The U.S. housing market is clearly slowing down. The Census Bureau’s statistics show that building starts dropped around 11% between Jan 2021 and Oct 2022 and dropped 6% in the twelve months to October. New home sales are down over 30% from...
Zillow’s Predictions for the 2023 Housing Market
Source: GLOBEST.COM --- Zillow made a series of what it called “bold predictions” about housing markets for the coming year. Unlike the title, what the company suggested is a series of deductions, either from their own or more common data and also trends many in CRE...
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Even as rates go down, affordability remains a problem
Source: Business Insider --- Mortgage rates continue to hold steady around 5%. Rates have been inching down for the past few weeks after hitting a peak of 5.3% in the second week of May. Even though rates are softening slightly, they're still having an impact on...
Big Shift in Housing Numbers. Scary or Welcome?
Source: Mortgage News Daily --- The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability to tune out rising rates is nothing new for home prices, as discussed a few weeks...
Affordability slips again as mortgage application payments rise nearly 9%
Source: Scotsman Guide --- Homebuyer affordability continued to erode in April, with the Mortgage Bankers Association (MBA) reporting that the national median payment applied for by mortgage seekers rose to $1,889. That’s up 8.8% from the $1,736 figure in March and up...
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