With pending home sales down year-over-year and asking price drops on the rise, Tampa's real estate market is showing early signs of slowing down. But home prices are still up 27.6% from June 2021.
Why it matters: We keep hearing about a market crash, but so far, local data doesn’t support that claim. Yes, but: Monthly data show early signs of a cooler market if even the slightest.https://datawrapper.dwcdn.net/1p5MZ/1/Data: Redfin; Chart: Kavya Beheraj/Axios What’s happening: From June 2021 to June 2022, new listings were up 4.2% and pending sales were down 1.4%. -In […]
U.S. Housing Market Collapse? Nowhere in Sight
The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. housing market is suffering some cracks, but an outright collapse is nowhere in sight. Regardless, sensational […]
Mortgage Rates Pull Back this Week, Drop to 5.3%
In spite of the Fed’s 3/4-point interest rate increase on Wed., the average rate for a 30-year, fixed-rate mortgage fell to 5.3% from last week’s 5.54%. WASHINGTON (AP) – Average long-term U.S. mortgage rates retreated this week just as the Federal Reserve announced another big rate hike in its bid to get four-decade high inflation […]
Lance Willard
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