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John Burns Forecasts Apartment Rent Trends Across the U.S.

Pro Builder

John Burns Forecasts Apartment Rent Trends Across the U.S. John Burns broke down its apartment forecasts into four categories: Boomburbs, Braintowns, Downtowns, and Dependables. John Burns broke down its apartment forecasts into four categories: Boomburbs, Braintowns, Downtowns, and Dependables. cbroderick.

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Construction Costs Set to Increase by 3-6% in 2024

Construction Superintendent Magazine

The company also forecasts significant variation in cost escalation between major cities. in 2024, compared to 6% in Phoenix, Arizona. The findings are shared in How to navigate 2024: Balancing challenge with opportunity, a report published by Currie & Brown. This means that a $10-million.

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Home Prices Are Rising Four Times Faster Than Incomes Across the U.S.

Pro Builder

Boise and Phoenix, which were hotspots for expat Californians during the pandemic, are "overvalued" by 72% and 54%, respectively. In significantly "overvalued" housing markets like Boise and Phoenix, Zandi forecasts a 5% to 10% home price drop. Over the coming 12 months, Zandi predicts year-over-year U.S. Market Data + Trends.

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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%).

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November Homes for Sale Reach Record Low

Pro Builder

So even though our new year’s forecast includes more listings and slower home-price growth, buyers may feel so pinched by other expenses that they have to reduce their housing budgets.”. The largest price increases were in Austin, Texas (+31%), Phoenix (+27%) and North Port, Florida (+27%). Single-Family Homes. New-Home Sales.

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Mortgage Rates Could Drop to 5.4% In 2023—Here’s What That May Mean for Home Prices

Pro Builder

Our forecast is for home-price growth moderation to continue,” Joel Kan, vice president and deputy chief economist at the Mortgage Bankers Association, said Sunday during the organization’s annual conference in Nashville, Tenn. “Our by the end of next year, leading to a steady flattening of home price growth rather than a sharp dropoff.

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Pandemic’s Top Performing Real Estate: Built-for-Rent

Pro Builder

John Burns Real Estate Consulting is currently forecasting annual SFR rent growth in 2020 and 2021. We anticipate high-growth markets like Phoenix, Salt Lake City, Tampa, Dallas, and Charlotte will outperform the nation overall. Sector fundamentals remain solid.

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