article thumbnail

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

Pro Builder

Goldman Sachs recently lowered its 2023 year-over-year depreciation forecast from -4.1% In 2023, Goldman Sachs expects double-digit home price declines in major markets like Austin (-15.6), San Francisco (-13.7%), San Diego (-13.4%), Phoenix (-12.9%), Denver (-11.4%), Seattle (-11.2%), Tampa (-11.2%), and Las Vegas (-11.1%).

Metro 52
article thumbnail

Job Costing Accounting Vs. Regular Accounting

Contractor Bookkeeping

out when is the best time to grow and shrink the business based on economic forecasting models derived from your QuickBooks For Contractors reports. So if a plane is flown from Seattle to Miami and the navigator is off by ten degrees over 3,500 miles it could cause the pilot to miss the airport by roughly 350 miles.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Long Will a Housing Downturn Persist?

Pro Builder

A housing market downturn kickstarted by the Federal Reserve is already spurring major price corrections in markets such as Seattle and Las Vegas, and while experts predict the current market recession will spill over into 2023, buyers and sellers across the country are wondering just how long it could last.

Housing 52
article thumbnail

Exciting products and fresh directions

Cassell Construction Estimating

Starting that project on time is often problematic however, as Owners and Developers report that bank funding remains inordinately tight. ENR’s forecast for 2009 shows continuing declines in nearly all sectors of industrial, commercial, & residential markets, with modest growth only in public works highway and infrastructure work in 2010.

Products 100