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How a Housing Shortage and High Prices Are Hurting the Middle Class

Pro Builder

How a Housing Shortage and High Prices Are Hurting the Middle Class. Home prices are quickly exceeding home buyer budgets as limited inventory pushes affordability further out of reach. Buyers with a household income between $75,000 and $100,000 are limited to roughly 51% of total homes listed for sale, compared with 58% in 2019.

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The Housing Market Is Still Hot, But Experts Say It May Be Cooling

Pro Builder

The Housing Market Is Still Hot, But Experts Say It May Be Cooling. Stagnant household incomes are no match for fast-rising home prices, but that widening ratio isn't sustainable for the long-term, experts say. House prices are outpacing average household incomes across the U.S., Wed, 05/11/2022 - 10:31.

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How Low Will Home Prices Go?

Pro Builder

A new Goldman Sachs housing forecast points toward stalled price growth in 2023, but some metros are already seeing substantial declines. The most recent price outlook forecasts an average 0% growth in 2023, though large declines are still unlikely. Housing Markets. Tue, 09/06/2022 - 09:55. Market Data + Trends.

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Zillow Predicts Affordability Issues for Renters by End of 2021

Pro Builder

If current rent and income growth trends continue, Zillow says some of the most affordable metros will become the least affordable and many renters will become newly housing-cost burdened by the end of the year. The threshold for which a resident is deemed “housing-cost burdened” is if they pay more than 30% of their monthly income.

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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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Are We in Another Housing Bubble? Not Yet, Experts Say

Pro Builder

Are We in Another Housing Bubble? Home prices were already rising before the COVID-19 pandemic struck in early 2020, but with even greater demand and lower inventory over the past two years, the median existing house price has surged to over $350,000, according to The Washington Post. Housing Markets. New-Home Sales.

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Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

The health of this industry is a vital economic indicator since sales tend to be driven by personal income, consumer confidence and interest rates. The National Retail Federation (NRF)—the nation’s largest retail trade group—recently released its 2016 economic forecast. Keys to the Cape’s Forecast.

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