Materials Prices Post Record Year-to-Date Increase According to the Bureau of Labor Statistics’ latest Producer Price Index (PPI) report, the prices of goods used in residential construction (excluding energy) climbed 0.8% in October, following two months of declines. Building material prices have increased 12.2% year to date,
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What’s happening in the real estate industry you ask? Check out these top headlines! BRING IT ON! A GIANT PORTAL is on the rise and they are NOT afraid to show it. Rents continue to rise…. How this affect the home purchasing maket. Co-Star has purchased
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Building Material Prices: Large Increases Year to Date Although the recent drop in softwood lumber prices since mid-May is helping bring costs down (after having driven them up drastically earlier in the year), the decline has been offset by large increases in the prices of several other building material
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Nationally – According to the NAR | U.S. housing market: quick rebound, low supply, prices continue to surge. Here is their why: “Looking back at the bubble years, house prices exceeded house-buying power in 2006 nationally, but today house-buying power is nearly twice as high as the
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Crickets…. This is what we have heard for the last month or so, in regard to the possibility of a Home Buyer Tax Credit. Here is what the administration was proposing: Biden’s $15K first-time homebuyer tax credit now a bill: The First-Time Homebuyer Act would provide a
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What is going on lately in the Real Estate Industry? Check out this month’s update from the desk of Laura Piatt, Ticor Title Mid-Valley Sales Manager Who’s tired of hearing about the wood? I for one, am tired of talking about it. In short, it will continue
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What is going on lately in the Real Estate Industry? Check out this month’s update from the desk of Laura Piatt, Ticor Title Mid-Valley Sales Manager Homebuyers canceling contracts as lumber costs CONTINUE soar…..Increasing of mortgage rates are not helping either.Let’s talk about it! Rising costs for lumber
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What is going on lately in the Real Estate Industry? Check out this month’s update from the desk of Laura Piatt, Ticor Title Mid-Valley Sales Manager Mortgage Rates Hit Three Percent March 4, 2021 – Sam Khater, Chief Economist at Freddie Mac“Since reaching a low point in
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