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Empty-nesters own twice as many large homes as millennials with children

Housing Wire

Redfin attributes these divides to a variety of factors , the most salient of which is that over half (54%) of baby boomers who own homes have no mortgage and those who do have a mortgage have a much lower interest rate than the rate they would end up with if they sold and bought today. This gives baby boomers very little incentive to sell.

Inventory 493
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Examining 2024 Home Price TrendsĀ 

Appraisal Buzz

home values had an annual growth of 3.6%a Lisa Sturtevant, Chief Economist at Bright MLS, also commented on the S&P CoreLogic Case-Shiller Home Price Indexs release and had this to say: The S&P CoreLogic Case-Shiller Home Price Index showed that home prices rose again in October. last month). Jul-06 134.00

Inventory 355
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8 Experts: Sky-High Housing Prices Wonā€™t Fall

Empire Appraisal Group

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. But ā€¦ home price growth will decelerate in the coming year, experts predict. ā€œAnd Why home price growth will slow. Two economies.

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Exactly what to say when your clients ask these big questions

Cornerstone

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. If thereā€™s a surge of foreclosures, will home values start to decline?

Clients 65
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Which Generations Are Buying Houses Today?

Eppraisal

The current real estate market is like no other in history in there is a lack of inventory of homes being listed for sale. According to an article in Keeping Current Matters, "A balanced real estate market's inventory sits around 6 months. Gen Z members were born between 1997 to 2012.

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SFR with ADU or Two Units?

Appraisal Today

Risk to Home Values. After a painstaking renovation of the 13,872-square-foot property, they moved in in 2012. The purchase market, which is still facing limited for-sale inventory and eroded purchasing power, saw applications down over the week and 27 percent behind last yearā€™s pace. Source: First Street Foundation Sept.

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Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions. Original Sale: 2012. With higher home values come higher rental rates. Geo Market Area: Westchase.