Pro Builder

JULY 5, 2022

What a Housing Market Correction Means for Home Prices in 2023. The housing market is cooling after years of record growth, but how much price deceleration can buyers anticipate? A cooldown is officially underway, Fortune reports, but what does that mean for home prices? housing market is slowing—fast.

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Pro Builder

JULY 19, 2022

The Housing Market Is Cooling, So Why Are Prices Still Rising? The housing market is going through a major correction, but buyers are finding little relief from sky-high home prices. The housing market is in the beginning stages of a much-anticipated correction, but home prices are still soaring to new highs.

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Pro Builder

AUGUST 4, 2022

Falling Lumber Prices Reflect a Return to Normal for the Housing Market. Lumber prices benefited from the booming housing demand during the pandemic, but as demand slows, prices follow. According to BusinessInsider.com, lumber prices hit a new low this week of $495 per thousand feet board. Housing Markets.

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Pro Builder

APRIL 28, 2022

Home Price Declines Are Possible But Rare for Most Housing Markets. Though some lucky housing markets could soon see relief from soaring prices, many will contend with waning affordability for the long haul. . home prices are poised to rise 5%. Housing Markets. Thu, 04/28/2022 - 10:20. Affordability.

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Pro Builder

DECEMBER 30, 2021

More Market Stability Ahead in 2022 Despite Rising Prices. The past two years laid the groundwork for a prolonged seller’s market, but buyers could capitalize on decelerating prices in the new year. Prices will be up, but that doesn’t mean to take something outside of what’s reasonable for your budget.

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Pro Builder

SEPTEMBER 19, 2022

Housing Experts Forecast Falling Home Prices in the Next Phase of a Market Correction. Housing experts warn that the second stage of a market correction could be underway. In June, housing experts sounded the alarms of a market reset as mortgage rates skyrocketed and homebuying activity slowed nationwide. Affordability.

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Pro Builder

AUGUST 1, 2022

Home Prices Rising in These 204 Markets, While Prices Fall in These 210 Markets. The real estate market is being hit hard. As the market for houses recedes, housing prices aren’t necessarily going to follow. As the world slowly recovers from the pandemic, the real estate market is being hit hard.

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Pro Builder

MARCH 10, 2022

Real Estate Markets Are Reporting New Record-High Prices. February’s hottest housing markets could spell trouble for budget-conscious buyers. The median list price for the 20 hottest U.S. Record high prices are a direct consequence of a housing shortage totaling nearly 5.8 Housing Markets. Housing Markets.

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Construction Business Owner

MARCH 18, 2024

How to Stay Competitive & Profitable ccapoccia Mon, 03/18/2024 - 09:20 Through working closely with fence contractors, general contractors and dealers over the years, I’ve seen one issue come up repeatedly for construction business owners: getting the balance between pricing and profitability right.

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Profitability Contractors Construction 360

Pro Builder

JUNE 26, 2023

Sellers still have a strong upper hand in markets such as Rochester, N.Y., where homes are spending a median 13 days on the market before selling for a median list price of $265,000, and just one in 17 for-sale homes are seeing price reductions, Realtor.com reports. Other Northeast metros such as Hartford, Conn.,

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Pro Builder

MAY 24, 2023

This Interactive Map Reveals Home Price Fluctuations in Your Local Market ldeakins Wed, 05/24/2023 - 10:09 How is your local market weathering a 2023 housing correction? This map shows how home prices have changed in every U.S. Still, even as rates inch lower and breakneck price gains slow to a halt, the U.S.

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Inventory Housing Washington Sustainability 52

Pro Builder

JANUARY 11, 2022

Texas Buyers Are Succumbing to a Frenzied Market—But Prices May Be Slowing. Low mortgage rates have kicked off a buying frenzy across Texas as home prices continue to rise after an 18.6% As affordability pressures mount across cities like Austin, price growth is steadily decelerating, but sellers still have the upper hand.

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Texas Fort Worth Dallas Bidding 105

Pro Builder

DECEMBER 23, 2022

Will Lower Rates, Slower Home Price Growth Be Enough to Lure Buyers Back Into the For-Sale Market? Characterized by falling interest rates, elevated supply, and a housing correction leading to price reductions in some overheated markets, 2023 could be a buyer's market after all. Market Data + Trends.

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Pro Builder

SEPTEMBER 7, 2022

1 in 5 Sellers Are Dropping Their Asking Prices as Homes Spend More Time on the Market. Homebuyer demand is falling at a steady pace, and as a result, a growing number of sellers are being forced to reduce their asking prices . For-sale homes in August spent an average five days longer on the market than they did a year ago.

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Pro Builder

JULY 16, 2020

Home Prices Are Steady, Market Remains Highly Competitive. Since April 2019, median home prices have increased steadily and not even a pandemic ended the streak. With the medium price of U.S. With the medium price of U.S. Sale prices increased year-over-year in May in all 50 of the nation’s largest metros.

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Pro Builder

JULY 6, 2022

Home Prices Are Starting to Drop Across the U.S.—Here Here Are the Markets Seeing the Biggest Declines. A housing correction is underway, and the nation's hottest markets will be the first to see major price reductions over the coming months. of for-sale homes in Boise also had their prices reduced.

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Pro Builder

AUGUST 29, 2022

As the Market Cools, These Overvalued Markets Could Soon See Falling Home Prices. Some popular housing markets are poised to see long-awaited price drops as the Fed forces sellers to realign their expectations to accommodate budget-conscious buyers. housing market data. Housing Markets. Affordability.

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San Francisco Housing Metro Inventory 52

Pro Builder

JUNE 28, 2023

As the Housing Market Rebounds, These Cities Are Seeing Home Prices Rise the Fastest ldeakins Wed, 06/28/2023 - 11:34 The short-lived days of home price declines are over, and these high-cost metros are proof The S&P CoreLogic Case-Shiller national home price index rose 1.3%

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Housing San Francisco Metro Miami 52

Pro Builder

MARCH 27, 2023

These Are the Housing Markets Seeing the Most—and Least—Price Reductions ldeakins Mon, 03/27/2023 - 11:42 Homebuyers daunted by rising home prices and borrowing costs are pulling out of the for-sale market. where prices were cut by 25.4%, 24.6%, and 23% of all listings, respectively, Realtor.com reports.

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Pro Builder

JUNE 1, 2022

Prices Drop In Overvalued Markets as Housing Boom Subsides. Sellers are being forced to lower their asking prices to accommodate budget-conscious buyers in overpriced regional markets. In the past year, home price growth has risen four times faster than income growth across the U.S., Housing Markets.

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Pro Builder

NOVEMBER 1, 2022

98 Of 100 Largest Markets Saw Steep Price Drops in September. The housing market is rebalancing after a competitive period of low income rates, huge buyer demand and competitive home prices. seeing steady home prices throughout 2022. seeing the largest price drop (-7.8%) and Springfield, Mo.,

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Pro Builder

MARCH 17, 2022

These 13 Housing Markets Could See Decelerating Prices. After consecutive price gains amid limited inventory, some markets are becoming too hot for buyers to handle. On Wednesday, CoreLogic provided Fortune the market risk calculation for 385 metropolitan statistical areas. Those 13 markets include Niles, Mich.;

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Pro Builder

MAY 3, 2022

Overvalued Markets Could See Significant Price Deceleration, Economists Say. Home prices are rising faster than household incomes in many metro markets across the U.S., But the ongoing housing boom—which has seen home prices climb 34% over the past two years—could soon wind down. Housing Markets.

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Pro Builder

JANUARY 23, 2023

Starter homes were the target of an early 2020 housing boom that saw cash-strapped buyers competing for a limited supply of affordably priced properties. As a result, starter homes, defined as two-bedroom listings, finished 2022 with 15% year-over-year price increases. It’s more about timing and strategy.”

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Pro Builder

APRIL 20, 2023

And the statewide median home price in March was $791,490, which is an increase of 7.6% Read more Market Data + Trends Housing Markets Market Data + Trends from March the previous year. from earlier this year in February and a 7% drop from March 2022.

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Pro Builder

OCTOBER 11, 2022

Is Your Local Housing Market Headed Toward a Home Price Correction? These overpriced regional housing markets are the most likely to see home prices fall in the months ahead. Some markets with declining home sales are already seeing a home price correction, and that trend could spread to a larger share of U.S.

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San Jose Housing Seattle Metro 52

Pro Builder

MAY 20, 2022

Which Local Housing Markets Will See Price Reductions in 2022? Some overheated housing markets are already seeing prices drop, but most will be bogged down by more gains throughout the majority of 2022. Now 70 regional housing markets have a greater than 40% chance of home prices dropping over the coming 12 months.

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Housing Inventory 52

Pro Builder

MARCH 7, 2023

Here Are the Markets Where Prices Are Expected to Rise—and Fall—in 2023 ldeakins Tue, 03/07/2023 - 10:15 The U.S. Here Are the Markets Where Prices Are Expected to Rise—and Fall—in 2023 ldeakins Tue, 03/07/2023 - 10:15 The U.S. Markets such as Morristown, Tenn., Markets such as Morristown, Tenn.,

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San Francisco Austin Housing Forecasting 52

Pro Builder

SEPTEMBER 15, 2022

Zillow Forecasts Home Prices to Fall in These 259 Markets. housing market as house prices continue to fall. housing market into a sharp slowdown. housing market into a sharp slowdown. Housing Markets. Housing Markets. Thu, 09/15/2022 - 11:39. Zillow experts analyze the U.S. down from July.

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Forecasting NAHB Housing Finance 52

Pro Builder

JANUARY 16, 2023

These Metros Will Be the First to See Prices Fall in a Market Correction. A 2023 housing correction could lead to significant price drops in these overheated U.S. to -6.1%, representing a 10% peak-to-trough home price decline from June 2022 to the end of this year. from its 2022 peak home price. Housing Markets.

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Pro Builder

JULY 29, 2021

Inventory Shortage, Rising Prices Affect Luxury Market. The luxury home market has experienced the same buying frenzy seen in the middle and lower ends of the market, resulting in rising home prices and fast-moving inventory. But what we’re seeing now at the top of this market is a 100 percent escalation.”.

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Inventory Las Vegas Washington Nevada 52

Pro Builder

NOVEMBER 29, 2021

Record High Home Prices Create a Thanksgiving Seller’s Market. Home prices continue to rise throughout the third quarter of 2021 and more sellers are reaping the benefits. Sellers are also receiving more offers above asking price as a result of tighter competition in a market with low inventory. Housing Markets.

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Pro Builder

OCTOBER 6, 2022

These Popular Markets Could See Double-Digit Price Declines in the Months Ahead. Mid-pandemic homebuying hotspots are the first to see major price reductions as the housing market enters a long-anticipated downturn. housing market continues to post strong gains, Forbes reports. Housing Markets.

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Las Vegas Austin Dallas Idaho 52

Pro Builder

MARCH 21, 2023

Just 133 of the nation’s 400 largest housing markets registered a month-over-month home price decline in February, while 267 markets saw a month-over-month increase in home prices, Fortune reports. Now that home price growth is returning to more markets, does that mean the home price correction is nearing its conclusion?

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Metro San Francisco Idaho Housing 52

Pro Builder

NOVEMBER 8, 2022

Home Prices Are Finally Falling—Here’s How Buyers Can Capitalize on a Market Slowdown. Buyers who can still afford home purchases are poised to benefit from waning demand, rising inventory, and falling home prices in a market correction . Median home list prices are still up 13.3% Market Data + Trends.

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Inventory Negotiation Housing 52

Pro Builder

SEPTEMBER 20, 2022

As a Home Price Correction Spreads, These Housing Markets Are Seeing the Biggest Changes. After months of rising mortgage rates and slower sales activity, these overheated housing markets are seeing the most significant price reductions. Housing Markets. Housing Markets. Tue, 09/20/2022 - 10:18.

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San Jose Housing San Francisco Denver 52

Pro Builder

SEPTEMBER 2, 2022

As the Market Cools, the Average Home Is Selling Below Asking Price. Home prices may be easing, but homebuyer demand is still quelled by elevated mortgage rates, which recently rose to 5.66%, their highest level since June. Fri, 09/02/2022 - 10:02.

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