In this post I am highlighting the 4 things happening in the housing market that homebuyers should be knowing about and watching closely. They are summarized below. Read the full article here.
Although rates have already surpassed many forecasts, they may come back down. Read more here.
Zillow caused a stir this week in February 2022, by adjusting its home price growth forecast to feature 21.6% growth in May and 17.3% by January 2023. Read more about this here.
New construction is a fast-rising source of inventory that currently makes up around 33% of supply (a record). But this week’s Census Bureau residential construction report shows single-family home construction slowed in January, likely due to a combination of cold weather, COVID-19, and supply chain issues. Read more about this here.
real estate investors are purchasing more homes than they were before. These investors range from mom-and-pop operations with a handful of properties to big players. Read more about this here.