Veros Real Estate Solutions Expects Home Prices to Turn Negative in 2023

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In: New Home Mortgage News

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Veros Real Estate Solutions expects home prices to turn negative, falling an average of 0.5% over the next 12 months, the first negative forecast in more than a decade. According to Veros’s VeroFORECAST for the fourth quarter of 2022, aContinue Reading

S&P CoreLogic Case-Shiller Index: Home Prices Fall 0.5% From September

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In: New Home Mortgage News

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Last updated on January 30th, 2023 at 10:49 pmHome prices fell 0.5% from September, according to the S&P CoreLogic Case-Shiller index, marking the fourth straight month of seasonally adjusted home price declines in the 20 largest cities. Markets began toContinue Reading

Does Current Home Prices Bring Relief To Homebuyers?

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In: New Home Mortgage News

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There is a terrible house price adjustment in the US. It may sound like déjà vu, but the causes of the recent housing market booms and busts are different from those of the 2000s.  This time, the American financial systemContinue Reading

Home Prices in August Gets The Biggest Monthly Decline Since 2009-Black Knight Report

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In: Mortgage News

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Home prices are now experiencing their biggest monthly decline since January 2009, according to the latest report from Black Knight’s Mortgage Monitor. Median home prices fell 0.98% in August, slightly better than July’s 1.05% decline.  Nationally, the median home priceContinue Reading

Will There Be Decrease In Home Prices?

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In: New Home Mortgage News

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Homeownership has become less affordable and many experts believe relief is near, but that is far from the truth. Home prices have risen more than 20% in the US housing market over the past year and mortgage rates have nearlyContinue Reading

According to Zillow Forecast Here Are How The Home Prices will look in 2023

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In: Realtor News

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There’s not even a shadow of a doubt: Soaring mortgage rates are a monetary shock to the U.S. housing market.  The normal 30-year fixed mortgage rate has spiked from 3.11% to 5.11% throughout the last month alone.  It’s both evaluatingContinue Reading

U.S. Annual Home Prices Increased a Record 18% in July

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In: New Home Mortgage News

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U.S. home prices rise 18% in July compared to the previous year, consistent with a CoreLogic Inc. report released Tuesday. This jump is that the biggest 12-month gain within the index since the series began 45 years ago.  On a month-over-month basis, home prices rise byContinue Reading

Home Prices Can't Keep Going Up Forever Says Experts

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In: New Home Mortgage News

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Last updated on December 10th, 2021 at 09:02 amWith home prices climbing really fast, and the bidding wars becoming common, many buyers are forced to pay all cash leading to fears that the country will face another housing bubble resultingContinue Reading

Home prices shoot up during tight supply

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In: New Home Mortgage News

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Last updated on February 3rd, 2021 at 11:45 amAccording to the Northwest Multiple Listing Service, the median price for houses and condos throughout Pacific County shot up more than 39% in September compared to a year earlier. The countywide median wasContinue Reading

Home Prices Climbing And The Inventory Is Reducing

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In: New Home Mortgage News, Realtor News

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Last updated on February 3rd, 2021 at 11:28 amRealtor.com recently looked at the numbers on listings, sales prices, and Days on Market and according to their report, “nearly 400,000 fewer homes have been listed compared to last year, leaving aContinue Reading