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Home Prices Are Rebounding in the Spring Selling Season

Pro Builder

A 2023 home price outlook hinges largely on the Federal Reserve as elevated interest rates continue to slow the housing market. If rates fall significantly in the months ahead, the housing market could come back to life even amid higher prices and waning inventory, Forbes reports.

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Top 25 Finalists for Ivory Innovations' Housing Affordability Prize

Pro Builder

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize esorum Thu, 03/16/2023 - 09:09 This year’s finalists in the Construction & Design category include solutions to the labor shortage as well as environmentally friendly building solutions focused on decreasing construction time.

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These St. Louis Lawyers Created a Replicable Model for Neighborhood Renewal

Pro Builder

by using a federal tax credits program to finance affordable housing projects. Louis lawyers Donna and Howard Smith created an innovative model for neighborhood renewal using a federal tax credits program to finance for-sale affordable housing in the city’s Jeff-Vander-Lou area. Housing Markets. Over a decade ago, St.

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As Rental Costs Rise and Wage Growth Slows, Housing Affordability Worsens

Pro Builder

As Rental Costs Rise and Wage Growth Slows, Housing Affordability Worsens ibush Tue, 01/31/2023 - 15:26 Homebuyers and renters continue to be priced out of an increasingly unaffordable housing market For the past two years, renters across the U.S. an hour and have been among the hottest housing markets in the country in recent years.

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What More Fed Hikes Could Mean for U.S. House Prices in 2023

Pro Builder

Fixed-income markets are implying that rate hikes may continue into June 2023, and according to Forbes , that increased pressure could spell trouble for the housing market. Home prices are trending downward in a nationwide market correction, but after years of steady increases, housing costs remain elevated on a year-over-year basis.

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Housing Affordability Dips to 15-Year Low as Mortgage Rates Soar

Pro Builder

Housing Affordability Dips to 15-Year Low as Mortgage Rates Soar. Housing affordability took another hard hit last week following the Fed's most recent rate hikes. home, a 51% year-over-year gain significantly outpacing income growth nationwide. . Wed, 06/22/2022 - 12:18.

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Home Ownership Still Elusive Even with Low Interest Rates

Pro Builder

Even with low mortgage interest rates a median-income household would still need to spend nearly a third of its income on a median-priced home, according to a report from the Federal Reserve Bank of Atlanta. But that dynamic has shifted throughout 2021.

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