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With fewer people putting their homes on the market, prices continue to skyrocket.
The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association.
Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.
“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun
Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.
What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? NAR has answers.
Home value appreciation was greater than median earnings in 25 of the largest 38 U.S. metro areas in 2021, a new Zillow report found, and South Florida was no exception.
The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.
“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi
The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home Builders.