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5 predictions for the 2022 housing market

Housing Wire

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. The post 5 predictions for the 2022 housing market appeared first on HousingWire.

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Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

“Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housing market. What’s more, operating costs for apartment and SFR (single-family rental) operators are up significantly since 2019 due to higher property taxes, insurance, and payroll costs. Occupancy data, for one, shows Austin at 92.5%

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Housing Market Tracker: Inventory disappoints again

Housing Wire

Here are the number of new listings for this week over the last several years for perspective: 2021: 79,827 2022: 86,625 2023: 63,583 After 2010, housing inventory can grow in the U.S., but it needs weakness in demand and days on market to grow so inventory can accumulate. From the St. The week ahead: Inflation and Fed week!

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Why mortgage lending standards will ease in 2021

Housing Wire

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. housing market. Such a scenario illustrates the growing disparities in the U.S.

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5 updated predictions for the second half of the 2022 housing market

Housing Wire

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. As a result, markets were quick to respond, driving mortgage spreads and rates much higher than most experts expected by this time of year.

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Harvard study suggests inflation, labor shortages threaten remodeling industry

Housing Wire

At the same time, the nations housing stock is aging, with a median age of 44 years in 2023 a sign of needed reinvestment. Homes built before 1980 saw average improvement spending that was 24% higher than for homes built since 2010, and maintenance spending was 76% higher.

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Pending home sales fell 7.1% in August

Housing Wire

Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It It will disrupt some home sales in the short run due to the lack of flood insurance or delays in government-backed mortgage issuance,” he said.