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Housing Market Tracker: Inventory is negative YOY

Housing Wire

To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data.

Marketing 458
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What’s next after a historic housing boom?

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”.

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Top Ten: Discussion Points For The Fall Market!

Toronto Realty Blog

The first one is too short and the second one is too long. But by the time the eleventh day rolled around, I was a little fidgety. Let me drop my daughter off at school at 8:25am, arrive at the office at 8:40am, crack the lid on my Tim Horton’s coffee, and get to work ! About seven days!

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Who Suffers The Most When Interest Rates Rise?

Toronto Realty Blog

Energy, groceries, shelter costs drive fastest rise in consumer-price index since December 1981. That was the headline of the article. And for those of us born in August of 1980, there’s not exactly a high-calibre understanding of economics around that time. Wait, sorry, that sounded like such a douchey thing to say.

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The Expectations vs. Reality Gap: Millennials Want to Buy a Home within a Year, but Saving Takes up to 10 Years

Point2Homes

The average savings rate in the last decade was 8%. Considering savings rates, median incomes and median home prices, the time needed to save for a 20% down payment in the 100 largest U.S. city where Millennials could save for a down payment in less than two years was Detroit , which makes this market the most attainable.

Finance 96
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Natural Disasters in California: What Homeowners and Renters Need to Know

Redfin

They are by far the most common and destructive type of disaster in the state, and most years, California leads the nation in wildfires and acres burned. Additionally, according to data from First Street Foundation , 71% (8.15 California is known for its varied, lush landscapes, rich history, and high quality of life.

As-is 60
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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel INC

I've since added more information and insights as the situation unfolds. The Fiscal Policy Institute proposed the tax in 2014 , and it has been floating around Albany ever since. Manhattan is about 75% rental by unit and New York City is about 2/3 rental by unit. I'm sorry about the length of this piece but please read on.