As data trickles in for April, it’s becoming clear that the historically hot housing market has flipped trajectories. It’s now in cooling mode. Here are some details: The number of homes listed for sale is rising again. Fewer shoppers are scheduling tours. And Redfin reports 15% of home sellers
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How the US’s supply chain will hinder the housing market: For nearly 3 years, builders have struggled to keep up with demand as availability and surging costs for building materials have ultimately produced higher prices for newly-built homes. And experts say conditions are not getting any better, in
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Inflation I think I mentioned this 12 months ago…. INFLATION is FULL STEAM AHEAD! And it’s not over yet. Just a recap of what inflation is: Inflation is an increase in the price level of goods and services throughout a specific time frame. Basically, it means that
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No improvement for home builders and yet, the pandemic housing market MARCHES ON! Home builders have been hit exceptionally hard the last 2 years and there doesn’t appear to have a light at the end of the tunnel. “Higher material costs and lack of availability are adding
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I hate to say it, but I told you so….. Also, I don’t really hate saying that… Remember in March, May, June and July I discussed inflation continuing to rise? Do you remember WHY? INFLATION – Let’s talk about it… What is inflation? Inflation is an increase
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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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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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