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November Homes for Sale Reach Record Low

Pro Builder

Limited inventory is causing yet another increase in home prices at the end of 2021. So even though our new year’s forecast includes more listings and slower home-price growth, buyers may feel so pinched by other expenses that they have to reduce their housing budgets.”. November Homes for Sale Reach Record Low. Single-Family Homes.

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Mortgage Rates Could Drop to 5.4% In 2023—Here’s What That May Mean for Home Prices

Pro Builder

Our forecast is for home-price growth moderation to continue,” Joel Kan, vice president and deputy chief economist at the Mortgage Bankers Association, said Sunday during the organization’s annual conference in Nashville, Tenn. by the end of next year, leading to a steady flattening of home price growth rather than a sharp dropoff.

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IHP Capital Partners' Richard Whiteley Discusses Land Opportunity for Home Builders

Pro Builder

Richard Whiteley: Home builders and land developers have been highly focused on restocking their land inventory since it became evident housing would be one of the unexpected beneficiaries—at least in the near term—of the pandemic. 2022 Housing Forecast: Opportunities and Challenges. Home Builders Ask: Where’s the Land?