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Uncertain Housing Forecasts for 2023 Reveal a Market Hingeing on Mortgage Rates

Pro Builder

Uncertain Housing Forecasts for 2023 Reveal a Market Hingeing on Mortgage Rates. Early predictions for the 2023 housing market are all over the map, but experts agree that the speed of home sales depends on the trajectory of mortgage rates in the near future. Fri, 12/09/2022 - 09:21.

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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. The housing market may be slowing, but senior economist Jordan Rappaport predicts an upcoming surge in single-family home building . Thu, 10/06/2022 - 10:24.

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Goldman Sachs Forecast Suggests Home Price Increase

Pro Builder

Goldman Sachs Forecast Suggests Home Price Increase. house prices. A recent Goldman Sachs forecast projects that national house prices could increase a further 16% by the end of 2022, driven by one of the longest housing shortages to ever affect the U.S. For information about contrasting forecasts ….

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The US Housing Market Is Stabilizing, but Regional Markets Are Still Skewed

Pro Builder

Instead, the housing market is showing signs of stabilization. But the housing market isn’t back to normal just yet. For starters, housing affordability has improved this spring as the average 30-year fixed mortgage rate, which topped out at 7.37% in November, came back down to around 6.5%. caught in correction mode.

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This City Dodged the 2008 Housing Market Crash, but It’s Bottoming Out in a 2023 Correction

Pro Builder

drop in Las Vegas during the same housing cycle. Over a decade later, Austin is now the epicenter of a post-pandemic housing correction. peak-to-trough house price decline this cycle, including a -8.8% However, Zillow's forecast model is predicting Austin will rebound +2.2% Where will Austin go from here?

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California is a Model for PACE Loan Reform

Green Building Law Update

California’s statutory changes to its existing residential Property Assessed Clean Energy (PACE) financing program, that became effective January 1, 2017, may be a model for residential PACE programs across the nation. The first residential PACE program started in Berkeley, California in 2007. To that end, the State enacted Assembly Bill No.

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Federal Reserve Will Not Taper Monthly Bond Purchases Just Yet

Pro Builder

When the Fed announced tapering bond purchases in 2013 after the economy recovered from the Great Recession, interest rates spiked quickly and housing softened. The NAHB forecast has projected higher interest rates as the economy expands. Additionally, the forecast calls for somewhat above-trend inflation over the next few years.