Remove Home Value Remove Inventory Remove Supply Chain
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New home sales fell again in February

Housing Wire

“Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. months supply. This is an increase of 3.3% This is an increase of 3.3%

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Home prices haven’t risen this fast since 2005

Housing Wire

Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. Robert Frick, corporate economist at Navy Federal Credit Union , noted that some builders are slowing production in hopes prices will come down as the supply chain recovers. Presented by: MCT.

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The nation’s housing market is on a correction course

Housing Wire

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. So, home sales have really gotten completely hammered,” Zandi said.

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Now that interest rates are going down, here’s what to expect for the rest of the year

Housing Wire

Global events destabilizing the world’s oil supply could kick inflation back into high gear and make the FOMC’s QE and QT campaigns fail. Any supply chain disruption to critical trade routes worldwide could cause the same issues with manufactured goods and technology price increases due to a lack of supply from foreign producers.

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Market Still Strong as Low Inventory Persists- February Newsletter

DW Slater Company

The biggest answer is inventory. The inventory is still at very low levels. No longer are homes selling above list price (see Percent of Orignal Price chart below ) In fact they are selling at a more reasonable 5% below list price. Until we have more inventory, prices will hold.

Inventory 133
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The Current State of The Homebuilding Industry

Eppraisal

economy, home building prominent among them. From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Prior to COVID, i.e. March of 2020, inventory was already falling.

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2022 Housing Market Predictions: What To Expect

Quicken Loans

In addition, home values and sales skyrocketed. In combination with low housing inventory and labor shortages, that drove up selling prices. Home Inventory Will Slowly Rise. During the past year, buyers faced a limited housing inventory which put sellers at an advantage. Buyer demand continued.