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What will U.S. house prices look like in 2023?
Source: The Week --- Amid peaking prices due to inflation and murmurs of an upcoming recession, you might be wondering: What's up with the housing market for 2023? Mortgage rates started to decline in the final weeks of 2022, and demand for housing is similarly...
Good news for homebuyers: The housing market is showing signs of ‘normalizing’
Source: Market Watch --- The housing market is showing signs of ‘normalizing,’ according to a new report. The latest monthly report by Realtor.com, which tracks the housing market as of December, said that the number of home listings were growing and were also...
When Will Housing Prices Drop?
Source: US News --- For just about any homeowner, talk of falling housing prices can spark panic. With homeownership being the major financial and personal investment it is, there's a natural anxiety that comes with any potential threat to that investment....
The U.S. Housing Market, Part 2: Looking Ahead To 2023
Source: Seeking Alpha --- Summary The main determinants of housing demand in the short run are the level and direction of mortgage rates and the strength of the job market. Homebuilders have responded to the drop in new home sales by reducing housing starts, and this...
Sustainability Outlook: Top Five Issues Affecting Real Estate in 2023
Source: Urbanland --- The real estate industry’s momentum on climate action only continues to grow as the new year begins, as demonstrated by the newly released ULI Global Sustainability Outlook 2023 report. At the same time, macroeconomic uncertainties, properly...
Real Estate Trends: Increasing Interest Rates Continue To Drive Down Mortgage Demand
Source: Forbes --- Key takeaways Mortgage demand for purchases is down 41% year-over-year, and refinance demand is down 84% year-over-year. Housing prices are higher than a year ago, and experts believe they will continue to climb overall, with some areas seeing price...
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