Remove 2005 Remove Development Remove Housing Market
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How home-price growth has damaged the housing market

Housing Wire

This data line lags the current housing market as it’s a few months old. I developed a specific home-price growth model for the years 2020-2024 which said that if home-price growth grew at 23% for five years we would be fine, with total housing demand —both new and existing homes together — getting to 6.2

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Wow — 6 million existing home sales! However, context is key with 2020 housing market data

Housing Wire

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The February housing data, pre-COVID, was juicy indeed. Context is key!

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Why is the El Paso housing market so hot right now?

Housing Wire

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. rise in houses sold in the same timeframe – from 670 to 940. The post Why is the El Paso housing market so hot right now?

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Texas cities lead the way for medium-density housing growth

Housing Wire

Census Bureau data to analyze housing inventory changes across 489 cities between 2005 and 2023. StorageCafe categorized inventory changes by housing type — including single-family, multifamily, middle housing, mobile homes, boats, RVs and vans. ” Nationally, middle housing grew by 11.3% The report used U.S.

Inventory 397
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Are existing home sales showing a housing bubble?

Housing Wire

Let’s just say this is the final nail in the coffin for the housing bear troll camps that were so sure that this time, housing would finally crash. COVID didn’t get the housing market, but it did pull a fast one on those pesky bears. We saw hints of a flourishing housing market prior to the COVID crisis.

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New home sales hot but not bubbly

Housing Wire

No, this is not a new home sales housing bubble as we are far from total new home sales being where they were in 2005. However, for the first time in more than a decade we have the demand needed to prompt builders to really push housing starts as the monthly supply data has collapsed this year. million a year. It is legit.

Inventory 532
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Are new home sales flagging a recession?

Housing Wire

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. Census Bureau and the Department of Housing and Urban Development.