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U.S. Housing Market Index Unexpectedly Drops For 12th Straight Month In December
Source: RTT News --- Homebuilder confidence in the U.S. has unexpectedly seen a continued deterioration in the month of December, according to a report released by the National Association of Home Builders on Monday. The report showed the NAHB/Wells Fargo Housing...
Bank of America CEO Issues Dire Warning for Housing Market: Prepare for 2 More Years of Pain
Source: The Ascent --- It's been a really tough go for prospective home buyers since mid-2020. For the past two years and change, the real estate market has sorely lacked inventory. That's driven home prices upward and forced buyers into countless bidding wars. This...
Experts Predict What The Housing Market Will Look Like In 2023
Source: Forbes --- The housing market is sending clearer signals that historically low mortgage rates and the home-buying frenzy have come to an end. As we near the end of 2022, here’s a look at the expectations of real estate experts for 2023. Danielle...
Housing Market Recession: Home Builder Sentiment Tanked Every Month This Year—But There’s Finally A ‘Silver Lining’
Source: Forbes --- Home builder confidence plunged every single month this year as higher interest rates weakened demand in the formerly booming housing market, the National Association of Home Builders reported Monday, but with the Federal Reserve finally starting to...
U.S. home builder gloom persists, but some hope seen for next year
Source: Reuters --- Dec 19 (Reuters) - Confidence among U.S. single-family home builders fell for a record 12th straight month in December as even a scramble to offer incentives for prospective buyers failed to boost traffic and lift sales in today's high-inflation,...
Adjusting Ahead of a Turbulent 2023
As a real estate agent, it's important to always be prepared for the unexpected and to be able to adapt to changing market conditions. With the uncertainty of the current economic climate, it's more important than ever for agents to be ready for potential turbulence...
