Year: 2022

Where Atlanta Housing Experts Expect Prices to Grow in 2023 and Beyond

BrianAnthony

Where Atlanta Housing Experts Expect Prices to Grow in 2023 and Beyond Metro Atlanta’s housing market has witnessed three turbulent years, but there was consensus about the area most poised for growth in the next year: the Southside. Read More Atlanta Business Chronicles https://www.bizjournals.com/atlanta/news/2022/11/18/housing-market-2023-predictions-affordability.html

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11/22/2022 – – MetroIntelligence Economic Update by P. DUFFY

BrianAnthony

MetroIntelligence Economic Update by P. DUFFY Existing home sales slump for 9th consecutive month, inventory at just 3.3 months’ supply Existing-home sales faded for the ninth month in a row to a seasonally adjusted annual rate of 4.43 million. Sales fell 5.9% from September and 28.4% from one year ago. The median existing-home sales price rose to $379,100, an increase of 6.6% from the previous year. The inventory of unsold existing homes slipped for the third consecutive month to 1.22 million at the end of October, or the equivalent of…

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11/18/2022 — MetroIntelligence Economic Update by P. DUFFY

BrianAnthony

MetroIntelligence Economic Update by P. DUFFY Housing starts fall 4.2 percent in October and 8.8 percent year-on-year Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,425,000.  This is 4.2 percent below the revised September estimate of 1,488,000 and is 8.8 percent below the October 2021 rate of 1,563,000. Single‐family housing starts in October were at a rate of 855,000; this is 6.1 percent below the revised September figure of 911,000. The October rate for units in buildings with five units or more was 556,000. https://www.census.gov/construction/nrc/pdf/newresconst.pdf…

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More Money for Affordable Housing Around the Country

BrianAnthony

More Money for Affordable Housing Around the Country Kansas City will aim to fund “deeply affordable” housing with rents as low as $550 to $750 per month. In Florida’s Palm Beach County, $200 million in additional property taxes to… Read More Builder and Developer Magazine https://www.wlrn.org/news/2022-11-10/voters-approved-more-money-for-affordable-housing-around-the-country

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11/15/2022 – MetroIntelligence Economic Update by P. DUFFY

BrianAnthony

MetroIntelligence Economic Update by P. DUFFY   Consumer sentiment index falls 8.7 in October, declines 18.8 percent year-on-year Consumer sentiment fell about 9% below October, erasing about half of the gains that had been recorded since the historic low in June. Year-on-year it is down 18.8%. Overall, declines in sentiment were observed across the distribution of age, education, income, geography, and political affiliation, showing that the recent improvements in sentiment were tentative. http://www.sca.isr.umich.edu/   Consumers expect median inflation of 5.1 percent in the year ahead The median expected year-ahead inflation…

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