Tag Archives: Markets & Economy

Knock on wood: Cost of lumber drops back to pre-pandemic levels

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Lumber futures have fallen back to where they were before the pandemic ignited a boom in housing and stretched supply chains to the limit, according to data compiled by Nasdaq. Continue reading →

Buyers’ market now expected by end of 2023, economists predict

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From a panel of 107 experts surveyed by Zillow, a majority agreed that rising mortgage rates are driving down competition among buyers, which will eventually result in a buyers’ market. Continue reading →

Mortgage rates haven’t been this chaotic since Black Monday: Study

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A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since. Continue reading →

Home affordability stabilizes, but remains tough nearly everywhere

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It’s still expensive to buy a home in nearly every part of the country. But for most buyers since the start of July, things didn’t get worse, new data shows. Continue reading →

US housing markets considered ‘overvalued’ quadrupled in 2022

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Median home sale prices exceed the house-buying power of would-be buyers in 19 of 50 markets, according to data released Tuesday by First American Financial Corp. Continue reading →

Deals will hinge on negotiations this fall. Here’s how buyers’ agents win

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“There was no negotiation over the last couple of years,” Max Stokes of Compass says. But that’s beginning to change — gradually. With a few tips, buyers can prevail at the negotiating table. Continue reading →

Homebuyers/sellers wanting to live in legal abortion states spikes to 19%

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As different states’ laws on sensitive subjects like abortion rights and gender-affirming care for children have changed in the last year, consumers take a harder stance this year on where they consider living based on political views, a new Redfin sur… Continue reading →

The pandemic-era home price boom has ended — and now we know when

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Two major estimates of home prices now concur: The uninterrupted string of monthly increases came to an end this July, according to new data released Tuesday from CoreLogic and the FHFA. Continue reading →