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These Oversupplied Metros Could See Major Price Drops by Late 2024

Pro Builder

Formerly red-hot housing markets such as Seattle, Phoenix, San Francisco, and Austin, Texas, have seen substantial increases in inventory, and as a result, each metro is expected to see a double-digit price correction by late 2024. Read more Housing Markets Market Data + Trends Housing Markets

Metro 95
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These Metros Will Be the First to See Prices Fall in a Market Correction

Pro Builder

These Metros Will Be the First to See Prices Fall in a Market Correction. A 2023 housing correction could lead to significant price drops in these overheated U.S. The investment bank says those markets are "overheated," which implies that home price growth there got too detached from fundamentals during the Pandemic Housing Boom.

Metro 52
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Subbies left unpaid by developer Empire Property Concepts

Construction Enquirer

Empire Property Concepts Ltd changed its name to MCIOD Limited days before Metro Bank called in the administrators. The administrators report filed at Companies House is signed-off by Empire director Paul Rothwell who is also listed as a director of a series of other businesses mainly based at the same Doncaster address. .”

Banking 100
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Single Female Buyers Are Forging Through Record Price Increases

Pro Builder

Financially independent female buyers seem undeterred by rising home prices in metros like Denver. Single women account for 20% of first-time homebuyers nationwide compared to just 11% of single men, and even sky high home prices in metros like Denver aren’t stopping them from making new home purchases. Tue, 04/19/2022 - 10:23.

Denver 52
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US Home Prices Could Fall 20% in a 2023 Correction, Experts Say

Pro Builder

US Home Prices Could Fall 20% in a 2023 Correction, Experts Say ldeakins Thu, 03/02/2023 - 11:57 Home prices are falling, even in the nation's most popular metros, as elevated borrowing costs lead to a housing recession, and experts warn more rate hikes from the Fed could cause an even more significant slowdown in the year ahead The U.S.

US 52
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Goldman Sachs Economists Expect Interest Rates to Remain Elevated During Market Downturn

Pro Builder

Housing economists forecast a 'further weakening in demand' as elevated interest rates continue to sideline prospective buyers . Mortgage rates will “remain persistently high,” the Wall Street bank said, “causing unsustainable levels of housing affordability to continue weighing on housing demand.”. Market Data + Trends.

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When Will the Fed’s Rate Hikes Come to an End?

Pro Builder

As the Federal Reserve continues to raise its short-term rates to cool inflation and slow the housing market, prospective buyers are desperate for a reprieve . Housing Policy + Finance. Given this intended policy stance, a hard landing with a mild economic recession is, in our view, highly likely. for the federal funds rate.

Finance 52