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“Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housingmarket. Austin fits the classic example of a boom/bust housingmarket, where a collapse is taking place.” A better way to describe Austin’s market is “stabilizing,“ Whitaker said.
home price forecasts into 2028.) The experts forecast a cumulative price increase of 20% for the five years through 2028, or an average of 4.0% We’ve never returned to the level of building that would be necessary to adequately house Americans.” Year-to-year, single-family prices were mostly higher, led by a 5.9% decline YoY.
Why Technology Sells Smart technology’s robust demand renders residential properties more marketable. smart home market’s estimated revenue was $34.7 Experts project that by 2028, smart tech’s household penetration rate will reach 75.1%. billion in 2023. In other words, three in every four U.S.
Hamilton also pointed out that the 2028 Summer Olympics will be held in Los Angeles, which he said is likely to further increase the pressure to rebuild quickly. It will likely cause prices to continue to rise, potentially even pricing out current residents.
In addition, the rate of Seattle homes under contract within 30 days on the market fell from 62% in April to 57% last month; Eastside homes found buyers in four weeks or less 71% of the time in May, down from 74% in April. That means there will likely be no new traditional condo inventory in Seattle until 2028 at the earliest.
This should ensure investors and prospective homeowners can thrive in a housingmarket designed to serve the broader needs of society. Market watchers remain cautious, however, in anticipation of cheaper borrowing costs next year. However, demand currently far outweighs supply. Please check with venues to confirm details.
Eppinger to amend and restate his employment agreement, extending the term for another three years through the end of 2028. Since assuming the CEO position, Eppinger has led the company through a global pandemic and driven sustained growth and momentum through one of the worst housingmarkets in history.
At this week’s inaugural Housing Economic Summit , HousingWire surveyed 300 mortgage and real estate industry executives and audience members for their takes on some of the key housingmarket issues of 2025. The survey was comprised of six questions. Most were not expecting it in 2025.
In addition, under a separate side letter from FHFA to Treasury, FHFA will solicit public input, before releasing a GSE from conservatorship, regarding the potential impacts on the housingmarket and the GSEs. It will seek input on the potential impacts of each option on the housingmarket and on the GSEs.
Bessent has also laid out an economic plan known as 3-3-3, which would reduce the federal budget deficit to 3% of gross domestic product (GDP), get real GDP growth to 3% and produce an additional 3 million barrels of oil per day by 2028.
For anyone wondering what a Democratic or Republican presidential administration might look like for the housingmarket in 2025 and beyond, industry experts can provide some insights based on their experience in government, proximity to D.C. or decades in the private sector. It hasn’t changed since 1997.
The housingmarkets 2025 motto? Read more about the Seattle metro housingmarket in my monthly blog post, including the latest report here.) Not a single county was deemed affordable in a Q3 housingmarket assessment for Washington by Gardner Economics. housingmarket and the costs surrounding it.
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