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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. How Low Will Home Prices Go? Tue, 09/06/2022 - 09:55.

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

Pro Builder

A 2023 housing correction could lead to significant price drops in these overheated U.S. Ongoing price hikes initiated by the Federal Reserve have kickstarted the largest home-price correction of the post-WWII era and, according to Fortune , the 2023 housing recession is only going to get worse before it gets better. Housing Markets.

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Californians Are Fleeing the Golden State—What’s Keeping its Housing Market Strong?

Pro Builder

Californians Are Fleeing the Golden State—What’s Keeping its Housing Market Strong? Despite residents escaping California’s high housing costs and fleeing to nearby states, its southern market remains resilient, with homes selling within record time. cbroderick. Mon, 02/22/2021 - 09:07. It remains a place people want to live.

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Goldman Sachs Economists Expect Interest Rates to Remain Elevated During Market Downturn

Pro Builder

Housing economists forecast a 'further weakening in demand' as elevated interest rates continue to sideline prospective buyers . Mortgage rates will “remain persistently high,” the Wall Street bank said, “causing unsustainable levels of housing affordability to continue weighing on housing demand.”.

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How Omicron Could Affect Home Buying in 2022

Pro Builder

Even a new infectious variant can’t slow demand in a record-breaking housing market. We’ve had a year and a half to practice virtual tours and marketing,” says Norman Miller, a real estate and finance professor at the University of San Diego. Housing Markets. How Omicron Could Affect Home Buying in 2022. New-Home Sales.

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Living Now: America at Home Study Concept Home

Pro Builder

When the COVID-19 pandemic put most of the nation under mandatory stay-at-home orders, economic forecasters hypothesized about the impact it would have on restaurants, small business, travel and hospitality, and live events. LEARN MORE: Design Trends Survey: What's in Store for Housing's Look and Feel. Teri Slavik-Tsuyuki.

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Advanced Manufacturing: Manufacturing Gets Smarter, Faster

Business Facilities

So meeting the need for massive quantities of premium-quality flat-rolled sheet—used for body panels—and lightweight parts such as diecast housings, pulleys and brackets, as well as extruded mechanical, structural and trim pieces—requires more high-tech machinery and operators with leading-edge knowledge. Peoria Innovation Center in P83.