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Clare Knapp, housing economist for the Austin Board of Realtors , counters the notion of a collapse “Austin is not the same Austin as it was eight years ago,” she said. of existing supply, with another 38,000 of apartment units under construction (12.2% 20 — $4 less than the national average. Data supports Knapp’s perspective.
“The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. home price forecasts into 2028.) climb in Pierce, 5.6%
Louis Sullivan, the so-called father of high-rise construction design, once said: “The skyscraper establishes the block, the block creates the street, and the street offers itself as a riverbed to the stream of life that flows through the city.” CONDO NEWS Graystone has formally completed construction on its residential tower.
Barry constructed a scenario with inflation and the bond market that would allow rates under 6% in 2025. ” Five respondents said sub-6% rates wouldn’t be seen until 2028 or later Simonsen said this indicates that people are expecting elevated bond market rates through next year. Most were not expecting it in 2025.
home sales slumped for the second straight year, averaging 3.96M units transacted (excluding new construction) on a 12-month basis through October, up 2.9% A survey of five real estate experts from the National Association of Realtors (NAR) to Goldman Sachs and others has forecast a consensus of 4.47M existing-home sales in 2025 nationwide.
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