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What to expect from homebuilders in 2023

Housing Wire

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. It’s fair to say that 2022 has been a depressing year for homebuilders.

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Orlando Real Estate Market & Investment Overview 2020

Marco Santarelli

The industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%.

Marketing 126
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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

Particularly, previously-owned single-family houses compromise the majority of residential sales in the Arizona real estate market- approximately 80% of all sales. Annually, the number of previously-owned single-family homes are three to four times greater than new single-family home sales. And it did happen from May onwards.

Marketing 135
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Naples Real Estate Market & Investment Overview 2020

Marco Santarelli

The industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88% in the first week of August.

Marketing 105
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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. Many variables could potentially impact the value of a home in Las Vegas in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments.

Marketing 128
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Los Angeles Real Estate Market & Investment Overview 2020

Marco Santarelli

The real estate industry has been adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges. Construction Isn’t Meeting Housing Demand in LA. LA county saw the biggest jump of 11.6%

Marketing 139