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Veros: Lack of Inventory Will Continue to Boost Home Price Appreciation

Appraisal Buzz

The firm’s quarterly VeroFORECAST report evaluates home prices in over three hundred of the nation’s largest housing markets and taxes into account the interrelationships of numerous economic, housing, and geographic variables pertaining to home value.

Inventory 361
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Ranking the Nation’s Most Searched-for Housing Markets

Appraisal Buzz

markets that have the “it” factor, as Columbus, Ohio; Knoxville, Tennessee; and Louisville, Kentucky claimed the top three spots in terms of popularity with online searchers over the past year. Over the past 12 months, homes in Columbus attracted 0.9% The average Pittsburgh home value is $234,530, up 5.8%

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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. As a result, the local housing market is going to be subdued in 2023, especially in the first half of the year. most likely by mid-year.

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ATTOM: California, New Jersey and Illinois Have the Most At-Risk Housing Markets in the Country

Appraisal Buzz

Recent housing reports suggest that inventory is increasing and, as a result, home prices are starting to drop in certain areas, resulting in improved affordability. But which areas are most at risk of seeing their housing markets go into a downturn as a result of shifting market conditions?

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Opinion: The end of seller speculation in US housing market

Housing Wire

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

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Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

Both a pullback in demand and limited supply remain vexing problems for the housing market. Total housing inventory at the end of October was 1.22 Unsold inventory sits at a 3.3-month Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said.

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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%