Just another WordPress site
At the height of the pandemic housing frenzy, Boise was not just discovered. It was flooded with buyers.
That’s when housing market hawks first locked on to the Idaho metro for its eye-popping price increases. Since then, fascination with Boise has persisted — but now as the U.S. housing market has tipped into recession territory amid higher mortg…….
Despite mortgage rates falling for the first time since mid-August, experts are warning the higher borrowing costs that have tanked the housing market this year could stick around for at least another year—and perhaps even longer depending on how the Federal Reserve’s battle against inflation pans out in the coming months.
<p class="color-body l…….
Knoxville’s housing market remains hot as buyers snatch up homes in a matter of days and for over asking price.
Knoxville ranked 13th out of the top 100 metro areas for home price growth during the second quarter of 2022. Prices were up 4.9% over the previous quarter and up 25.6% over the previous year, according to the Federal Housing Finance Agency’…….
“I’d say if you are a homebuyer, somebody or a young person looking to buy a home, you need a bit of a reset. We need to get back to a place where supply and demand are back together and where inflation is down low again, and mortgage rates are low again,” Powell told reporters.
Whenever a central bank moves from monetary easing to monetary tightening, there’s going to …….
Chuck and Terry Nowiski lived in their country-style farmhouse with a wrap-around porch for 36 years before it flooded. After hurricanes Matthew and Florence, they said “yes” to the state’s offer to buy their place and tear it down.
Nearly three years later, they’re still waiting f…….
New housing starts unexpectedly plunged much more than economists projected—and for a second straight month—in May, according to data released Thursday, adding to signs of an abrupt turnaround in the booming housing market.
“This is still the early stages of the housing rollover,” says one expert, predict…….
The housing market is not likely to crash, but momentum could slow, suggests analyst John Wake.
Hot markets with the highest appreciation could see home prices slide between 10% and 20%.
While a lot has changed with lending since 2008, investor and home buyer behavior is very similar.
When discu…….
Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the red-hot market cools off dramatically.
The supply of homes for sale jumped 9% last week compared with the same period a year ago, according to Realtor.com. That is the biggest annual gain the company has recorded since it began tracking the metric in 2017.
Real…….
