“Job growth will be modest, lending standards tight and foreclosure activity will equal or exceed 2010 levels.” The foreclosures, especially, will crimp home building as excess inventory. set the.
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Real estate sectors continue to trade at the mercy of interest rates. After dipping more than 3% last. Powered by income and job growth, home price appreciation has surprised to the upside so far.
For all intents and purposes, the Honolulu real estate market is incredibly healthy. The job sector appears ready to keep up with the coming price increases, fostering more activity than the average market. Even more so, historically low interest rates will continue to encourage buyers to actively pursue purchases.
Sonoma County’s housing market set a record sale price of $639,000 in March, a jump fueled by strong demand and tight inventory. The new median price is double what it was five years ago.
Buyers will find stiff competition because of a historically low supply of homes. previous record of $324,750 set in June 2018, according to pikes peak association of Realtors data. Over a.
ResCap To Shed 700 More Jobs Amid Subprime Turndown GMAC LLC’s Residential Capital home-lending unit will fire as many as 700 workers, or 5 per cent of its U.S. labour force, amid mounting losses on subprime loans. About 600 to 700 workers will.
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Supply is tight in part because of a lack of new-home construction caused by. Prices have risen 71% from the low in January 2012.. Rising mortgage rates and home prices also help deter existing. any month since July 2015, according to Realtor.com, but much of that increase was higher-end homes.