Remove 2020 Remove Construction Remove Housing Market
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New apartment construction hasn’t lowered rents in many areas

Housing Wire

Rent prices have fluctuated alongside home prices in this year’s housing market. More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. increase in asking rents for newly constructed apartments in 2024 the biggest spike in 18 months.

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How Have Recent Immigration Increases Impacted U.S. Housing Costs?

Appraisal Buzz

The recent surge in immigration to the United States has ignited discussions about its potential effects on the housing market, particularly concerning housing costs. Senior Research Analyst Riordan Frost from the Harvard Joint Center for Housing Studies, recently took a deeper dive into the impact of immigration on the U.S.

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

Housing Wire

With that in mind, I would like to revisit my 2020 thoughts on the U.S. 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.

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Florida’s housing affordability crisis is reaching a breaking point

Housing Wire

In August, the median monthly rent in Miami was $2,944 a 42% jump since 2020. Homeowners now spend 35% to 45% of their income on housing costs, far above the recommended 28% threshold, Cotality explained. Cash buyers dominate the market, accounting for 42% of home purchases.

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The Federal Reserve’s housing recession dilemma

Housing Wire

They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. The key points of this report indicate that the Federal Reserve has overlooked the housing market for years. If mortgage rates hadn’t dropped from 7.5%

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What’s keeping homebuilders from large-scale layoffs?

Housing Wire

Todays new construction report from the Census Bureau showed month-to-month growth in housing starts, but falling housing permits. However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits. What’s going on?

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Housing market inventory is starting to recover

Housing Wire

Single-family housing starts rose 15.3% That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. over the month to a pace of 1.24 million annualized units. from February.

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