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The housing market continues its downturn as mortgage applications hit their lowest levels in three decades, according to data issued by the Mortgage Bankers Association (MBA). Nick Gerli, CEO of ...
NAR says there was a 4.0-month supply of homes for sale in July (actually quite a big improvement — back in early 2022, that figure was a tiny 1.7 months). ... When will the housing market crash ...
9. Tampa (Hillsborough County) While active listings are up to 5,400 homes on the market in Hillsborough County, home values have declined by 0.3% in recent months.
Another post last month from Nick Gerli, CEO of Reventure Consulting, a real estate analysis firm, showed that the estimated value of a St. Petersburg, Fla., condo was 41% below its pandemic peak ...
Home prices rose by nearly 20% over the last year, an astonishing rate of growth that was faster and more intense than even the run-up to the housing crash of 2008, according to Fortune -- and that...
In addition, the province of Ontario's Fair Housing Plan set in place stricter rent controls and 16 measures to help combat the growth of the real estate market . [34] These remedies coincided with a slight dip in housing prices in 2017 [35] which some believed was the beginning of a housing crash. [36]
He argues that to see a real return of buyers to the market, the monthly payment needs to drop to the $2,100-$2,200 range. "In reality, prices need to drop 15% and mortgage rates need to go to 5.5 ...
But economists and housing market experts say sweeping changes are hardly so simple. ... activity has slowed dramatically as homeowners stay put to avoid giving up the low-rate mortgages they got ...