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If not private finance, ?then what?

Construction Law

The government’s replacement for private finance is the subject of consultation, held up like so much else at the Brexit roadblock, and now by a general election. But the signs for private finance in any form are not good. New ideas are being sought via the consultation process.

Finance 40
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In the Race to Sell, Builders Are Offering Major Price Reductions

Pro Builder

Just a 2% rate reduction can amount to thousands of dollars in savings, meaning that in pricey cities like Phoenix, where the median home costs $450,000, builders are fronting between $22,500 and $27,000 of the total sales cost to boost demand. New-Home Sales. Builders.

Phoenix 98
professionals

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The Fed Just Paused Interest Rate Hikes—What Does That Mean for Home Prices?

Pro Builder

from this time last year, and cities such as Austin, Texas, and Phoenix are seeing double-digit declines, but without an increase in housing inventory, experts say home prices will remain elevated throughout the remainder of 2023. Read more Market Data + Trends Financing Affordability Market Data + Trends

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Top Three Metros With the Fastest Rising Home Prices

Pro Builder

There are three metros that outpaced the national and 20-city averages: Phoenix, Seattle, and San Diego. Phoenix home prices increased by 13.8% Phoenix experienced the largest price increase for the 18th consecutive month with a 13.8% compared to November 2019. increase, followed by Seattle (12.7%) and San Diego (12.3%).

Metro 52
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Lowe's Partners With National Nonprofit to Revitalize Neighborhoods Across US

Pro Builder

This year's partnership efforts kicked off in Phoenix, where 200 Lowe's associates repaired homes for six neighbors and revitalized the Swift Kids Branch of Boys & Girls Clubs of the Valley. Read more Community Development New-Construction Projects Financing Community Development San Jose, Calif., Nashville, Tenn.,

Revit 52
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Case-Shiller House Price Index Reveals Steep September Declines

Pro Builder

The most recent Case-Shiller House Price Index (HPI) revealed a seasonally adjusted monthly decrease of -0.76% in September, though the Federal Housing Finance Agency (FHFA) HPI posted a 0.1% gain in September, according to the CalculatedRisk Newsletter. .

Housing 52
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Home Prices Jumped Double-Digits in December, Highest Pace Since 2013

Pro Builder

Phoenix, Seattle, and San Diego continued to show the strongest price gains among the 19 cities surveyed. Year-over-year prices in Phoenix rose 14.4%. “From the perspective of more than 30 years of S&P CoreLogic Case-Shiller data, December’s year-over-year change ranks within the top decile of all reports.”. Read More. .