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Debt ceiling deal leaves DOT mostly unscathed, but transportation, housing funds may still be at risk

Construction Dive

“We're still assessing the best ways to accommodate the caps and restraints that are part of this deal,” said Transportation Secretary Pete Buttigieg.

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20-Year High Mortgage Rates Won’t Crash the Housing Market—Here’s Why

Pro Builder

20-Year High Mortgage Rates Won’t Crash the Housing Market—Here’s Why. Mortgage rates briefly surged to a 20-year high last week, and as more prospective buyers are priced out of home purchases, economists warn that the housing market may be headed full speed ahead toward a recession. Mon, 10/03/2022 - 09:59.

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Qauntum Construction collapse costs suppliers £4.3m

Construction Enquirer

An update filed at Companies House by liquidator Quantuma Advisory revealed the scale of the debts at the business when it collapsed in April. Staffordshire based contractor Quantum Construction went down owing 267 suppliers more than £4m. Unsecured trade creditors have been left holding unpaid invoices totalling £4.3m

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Robert Shiller Predicted the Housing Bubble and Bust of 2008. Here’s His Take on the 2022 Market

Pro Builder

Robert Shiller Predicted the Housing Bubble and Bust of 2008. Over a decade later, he’s once again sounding the alarms of another potential shift in the housing market, but homeowners and prospective buyers may be better protected this time around, Fortune reports. Mortgage debt service payments accounted for 7.2%

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After Years of Volatility, the Housing Market May Be Normalizing, Says John Burns

Pro Builder

After Years of Volatility, the Housing Market May Be Normalizing, Says John Burns. Current market conditions point toward a housing slowdown, but months of supply and employment growth will be two key metrics shaping the path forward. The top seven builders have about $25B in debt, with less than half due in the next 5 years.

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Home Prices Increase 17.2%—Is the Housing Market in a Bubble?

Pro Builder

Is the Housing Market in a Bubble? Bubbles are driven by irrational behaviors driving up prices, yet the housing market’s price acceleration can be pinpointed to low inventory. Bubbles are driven by irrational behaviors driving up prices, yet the housing market’s price acceleration can be pinpointed to low inventory. cbroderick.

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Home Price Appreciation Benefits Some Homeowners but Leaves Many More Scrambling

Pro Builder

While some are swimming in equity, others are drowning in debt—and losing their homes as a result. Property tax increases are causing foreclosure rates to rise in states where homeowners are already facing high unemployment rates, income inequality, and large debt-to-income ratios. Housing Markets. Wed, 12/15/2021 - 10:07.

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