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U.S. Metro Areas in 2023: Real GDP, Construction, and Real Estate Insights

Eyes on Housing

percentage points and construction contracting growth by 0.11 This article explores the economic trends driving these outcomes, focusing. Real GDP of metropolitan areas rose 2.7% in 2023, with the “real estate, rental and leasing” sector contributing 0.34 percentage points.

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The state of the homebuilding market

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. Our upcoming State of the Residential Construction Industry (SORCI) Report will reflect how builders have braced for impact: Despite the rate of new contracts slowing, margins didn’t decrease. Homebuilding Contract Values.

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57 crucial real estate statistics that explain the 2025 market

Housing Wire

There are about 790,000 multi-unit properties under construction as of December 2024. The top benefits agents provided to homebuyers was helping understand the process (61%), pointing out unnoticed features/faults with property (58%) and negotiating better sales contract terms and providing a better list of service providers (e.g.

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Existing home sales are working from a historic low bar

Housing Wire

Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is why the Altos Research numbers we cite are always smaller than the NAR numbers, which accounts for all home types and those in contract.

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Latest housing starts data is good for mortgage rates

Housing Wire

What we see in this latest starts report is encouraging, as a record number of 5-units are still in construction and anything that gets finished is positive against inflation. As you can see, the 1974 recession destroyed the 5-unit construction production. The future growth of 5-unit construction will be at risk if a recession happens.

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Some mortgage companies expanding despite challenges

Housing Wire

increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. during the same time.

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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

According to the park manager Pete Houghton, who was mentioned in an article, “Where the Ducks Walk on the Fish” , this attraction draws over 300,000 visitors a year. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. (Warning – This video is a little loud.