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Homebuilders Keep a Steady Pace as the Market Cools

Pro Builder

The housing market is cooling, asking prices are dropping, and inventory is on the rise across the U.S., Many sellers are also unwilling to sell their homes in an unstable market and risk facing even more rate hikes when searching for a new home as buyers. Read more. ">. New-Construction Projects. Construction. Builders.

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These 13 Housing Markets Could See Decelerating Prices

Pro Builder

After consecutive price gains amid limited inventory, some markets are becoming too hot for buyers to handle. A CoreLogic market risk calculation for 385 metropolitan areas revealed just 13 markets with a high likelihood of home price deceleration in the next 12 months, Fortune reports.

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

Pro Builder

Bubbles are driven by irrational behaviors driving up prices, yet the housing market’s price acceleration can be pinpointed to low inventory. Debt as a percentage of personal income has dropped to 85.3% The ratio of total required mortgage service payments to total disposable income has plummeted to 3.97 from a peak of 117.1%

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Why Elevated Mortgage Rates Could Be the Housing Market’s Biggest Threat Yet

Pro Builder

Buyers already sidelined by record home price growth are at risk of being priced out entirely, and even investors could begin to slow down after years of nonstop activity. The current rate of home price growth isn't sustainable: Simple economics dictates it can't outpace income growth forever. Affordability. Market Data + Trends.

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The Buying Boom Is Slowing, and Experts Say a Housing Correction Could Follow

Pro Builder

As waning inventory and surging demand put pressure on overvalued housing markets, prices will continue to fall over the coming year, Fortune reports. Among the nation's largest 392 housing markets, 96% have home prices that are "overvalued" relative to what local incomes can support. housing markets. Market Data + Trends.

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Real Estate Blogger Who Predicted 2007 Crash Shares Predictions for Today’s Market

Pro Builder

The extreme demand has squeezed a small supply, but housing inventory has increased for three consecutive weeks, says The Atlantic. migration, and many families—especially many high-income families with work-from-wherever jobs—are shopping around for sunny, spacious real estate and bidding up prices wherever they land.

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Builders in Tough Spot as Construction Costs Increase Amid Insatiable Demand

Pro Builder

The cost of construction continues to increase due to material and labor shortages, yet buyer demand remains so robust that builders risk losing business because they cannot supply inventory, says The New York Times. Fields beyond the old suburbs become the site of the new exurbs until the next development wave pushes farther still.