#SimplyHomes U.S. housing market needs 1.5 million more homes, Freddie Mac finds https://hubs.la/Q02zRNPT0
Simply Homes, Inc.’s Post
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Mortgage Advisor NMLS#1041696 - Total Mortgage Services, LLC. NMLS #2764 340 HEBRON AVE STE 101, GLASTONBURY, CT 06033
West Hartford Housing Market - some interesting info here - looks like prices might be cooling off. When rates drop I believe we will see an increase again, but just not as aggressive. https://lnkd.in/gJ6gfsg9
West Hartford, CT Housing Market
redfin.com
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Keeping your finger on the pulse of the US Housing Market? This week's crucial updates are not to be missed.🏠 The focus shifts to building permits, housing starts, existing home sales for August, and the NAHB's Housing Market Index for September. While a minor decline in housing starts to 1.44 million units is expected, a slight uptick in existing home sales to 4.1 million seems to be in the cards. What do you think will go on for the US housing market?
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July 2023 Housing Market Trends Report Contact me to discuss the latest scoop in real estate! #washington #washingtondc #washingtonhomes #washingtondchomes #washingtonhousing #washingtondchousing #washingtonrentals #realestate #realtor #realestateagent
July 2023 Housing Market Trends Report
roomvu.com
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Are you in the #northtexas or #easttexas area? If so then put a small ** at end of the “balanced market” comment. Why? Well while the U.S. housing market may be 1.5 million units below balanced .. there are many parts of both North & East Texas where the number of housing units has pushed well beyond balanced and swung the pendulum fully over to hot BUYERS market. Knowing if you are in one of these areas will be key to how you market your home for sale - and sell in the shortest amount of time based on price you present the home from day 1 🏡
U.S. housing market is 1.5 million housing units below a "balanced market," finds Freddie Mac Freddie Mac economists: “To bring the vacancy rate, both rental and homeowner, back in line with historical averages, the U.S. would need to add an additional 1.5 million vacant for-sale and for-rent homes” My latest for ResiClub https://lnkd.in/gHFxxDui
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According to the latest Redfin report, the Cincinnati housing market remain competitive. Homes in Cincinnati receive 3 offers on average and sell in around 6 days. Discover latest market trends: https://buff.ly/3KmzXjJ #CincinnatiHomes #CincinnatiRealEstate
Cincinnati Housing Market: House Prices & Trends | Redfin
redfin.com
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That is a lot of units to build
U.S. housing market is 1.5 million housing units below a "balanced market," finds Freddie Mac Freddie Mac economists: “To bring the vacancy rate, both rental and homeowner, back in line with historical averages, the U.S. would need to add an additional 1.5 million vacant for-sale and for-rent homes” My latest for ResiClub https://lnkd.in/gHFxxDui
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Top Producer ~ REALTOR® at RE/MAX ACCORD~ DRE #01455217 ~ Listing Specialist ~ REO and Distressed Property Specialist (CDPE)
Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon You might remember the housing crash in 2008, even if you didn't own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there's good news – the housing market now is different from 2008. Here’s a closer look at today's housing inventory to understand why this isn’t like 2008. Homeowners Deciding To Sell Their Houses Although housing supply did grow compared to last year, it’s... #VeronicaGaraventaDRE01455217 #home #property #forsale #forrent #realestateforsale #newhome #dreamhome #househunting #sellmyhome #sellmyhouse #topagent #homes #buyahome
Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon
simplifyingthemarket.com
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South Florida Housing Prices How high can they go? Despite rising interest rates and elevated prices, the housing market in the South Florida area continues to outperform expectations. As of the end of July 2023, the median home price is $470,000, up 6.8% year over year. Learn more about the housing trends in South Florida. https://lnkd.in/e4y-_VEd
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The Wisconsin Housing Market – Q1 2024🏡 Take a look at the performance of the housing market in the first quarter of 2024 in Wisconsin📊 #Wisconsin #WisconsinRealEstate #HousingMarket #RealEstate
The Wisconsin Housing Market – Q1 2024
ricardolavariega.com
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Essentially; adding two plus years worth of new single unit construction instantaneously would bring things to even. That’s a generous estimate. The total for US single and multi-family new construction was 1.5M units last year. A record for single and multi-family together going back to the ‘90’s. Higher labor, materials, interest costs, inflation, etc., aren’t conducive to keep having record breaking years. 1.5M is only treading water. 10% above that (plus continued population growth) means it might still be 15-20 years or more of demand beating supply. Interest rates dropping to 5% (from 7%) won’t make a big dent in constrained inventory. Those folks with 3% and 4% mortgages (or just don’t feel like moving in an appreciating market) will still face interest costs, on larger mortgages, a minimum of 25% to 33% higher. Much lower principal reduction per monthly payment on these mortgages is also unpalatable. Pundits keep pushing back the prediction of one rate cut this year. If it is a quarter percent so as not to create more volatility, that leaves 20 more to erase what has happened the past two years. No reason to get excited at this point.
U.S. housing market is 1.5 million housing units below a "balanced market," finds Freddie Mac Freddie Mac economists: “To bring the vacancy rate, both rental and homeowner, back in line with historical averages, the U.S. would need to add an additional 1.5 million vacant for-sale and for-rent homes” My latest for ResiClub https://lnkd.in/gHFxxDui
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