U.S. Housing Market Moves Closer to Favoring Buyers; Sellers’ Markets Show No Sign of Slowing Down The shift toward buyer-favorability is occurring in neutral and more-buyer friendly markets, while the hottest sellers’ markets are cooling at a slow pace, remaining firmly in seller territory. Read More PR Newswire https://www.prnewswire.com/news-releases/us-housing-market-moves-closer-to-favoring-buyers-sellers-markets-show-no-sign-of-slowing-down-301690147.html
Read MoreDay: December 1, 2022
Build-to-Rent Market Surging Amid Growing Purchase Turmoil
Build-to-Rent Market Surging Amid Growing Purchase Turmoil The BTR market is not new, born of another past housing crisis. But flashing forward to today with inflation and the Fed’s raising of rates in its attempts to tame it, BTR appears to be making a comeback. Read More Mortgage Professional America https://www.mpamag.com/us/specialty/commercial/build-to-rent-market-surging-amid-growing-purchase-turmoil/429102
Read More12/2/22 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Construction spending slips 0.3 percent in October but up 9.2 percent year-on-year Construction spending during October 2022 was estimated at a seasonally adjusted annual rate of $1,794.9 billion, 0.3 percent below the revised September estimate of $1,800.1 billion. The October figure is 9.2 percent above the October 2021 estimate of $1,644.3 billion. During the first ten months of this year, construction spending amounted to $1,507.8 billion, 10.8 percent above the $1,360.8 billion for the same period in 2021. https://www.census.gov/construction/c30/current/index.html Consumers continued to spend…
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