According to the latest data from the National Association of Home Builders (NAHB) the share of adults planning a home purchase in the next 12 months dropped to 13% in the final quarter of 2022. This is down from 15% in the previous quarter and is not surprising, given that housing affordability worsened during this period, as mortgage interest rates surpassed 7.0% and reached levels not seen in nearly 20 years.
All posts tagged: Home Prices
Single Family Home Sales Increase in July After 3 Months of Decline
Surging home prices and strong demand caused a three month reduction in single family homes sales, but this trend was reversed with a small 1% increase in July.
Prices are Still Rising
When you are ready to buy or sell, Notary Near You provides a business platform that allows you to request a public notary at the touch of a button, anytime and anywhere.
Residential Real Estate prices are on the rise according to many news sources. In a HousingWire.com article they reference Redfin data: “Redfin’s data also determined that only 6 of the 85 largest metros saw a year-over-year decline in their median sale price.”
Indicators Point To Stabilizing Home Prices
In many US cities home price increases have outpaced wage growth for several years. Recent months have shown lower increases, creating a buyer’s market as we enter the Spring home buying season.
Priced Out of Your Neighborhood
According to a recent article written by Devon Thorsby for usnews.com, the increase in home purchase and rental prices are causing many to be displaced from the neighborhoods they have lived in for years. The article is filled with valuable information including ways to fight being forced from your community by becoming a more active member in it.
Great News For California Homeowners
A recent article from Realtor.com provides great news for California homeowners as it reveals a 12.3% annual increase in California home equity values. According to the article other states that were leaders in the nation for increased home equity are Washington, Nevada, Hawaii, and Massachusetts.