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

Pro Builder

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

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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. But there are also factors arguing for national price declines.

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

Pro Builder

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., The Housing Market Is Still Hot, But Experts Say It May Be Cooling. Wed, 05/11/2022 - 10:31.

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

Pro Builder

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. The script on house prices is still being written.

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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

NAHB forecasts a 13% decline in 2022 and an 8% decline for 2023, with the slight moderation in next year’s decline being due to the Federal Reserve pausing interest rate hikes by that time, Dietz says. We will see rising inventory, fewer transactions, and probably falling home prices.”. At rates under 5.5%, there will still be buyers.

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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

Yes, WIPs are considered current assets – meaning, accountants consider inventory assets to be current, as they are expected to turn into cash within the year. They also serve as a way to check up on the financial health of your organization and ensure that you’re budgeting and forecasting accurately. ” username=””].