Wells Fargo’s economics team holds little hope for a housing recovery anytime soon after a year that saw mortgage rates more than double.
The national median existing single-family home price is expected to fall roughly 5% in 2023, according to the Wells economists. However, they expect home prices to remain above the average levels seen in 2021 based on expectations of resilient housing demand. Still, the economists see the prospect that sidelined homebuyers could jump into the housing market, especially if rates start falling.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wells Fargo economists say housing downturn still in ‘early innings’ - Jacksonville Business Journal“The ongoing contraction in buyer demand means further price drops are on the horizon,' the Wells Fargo economists said.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »
Wells Fargo economists say housing downturn still in ‘early innings’ - Jacksonville Business Journal“The ongoing contraction in buyer demand means further price drops are on the horizon,' the Wells Fargo economists said.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »
Wells Fargo economists say housing downturn still in ‘early innings’ - Phoenix Business JournalIn banking news, WellsFargo economists say they expect nation's median existing single-family home price to fall in 2023
Fuente: phxbizjournal - 🏆 254. / 63 Leer más »
Report: Jacksonville apartment competition high in 2022 - Jacksonville Business JournalThe report said Jacksonville is the country's ninth most in-demand apartment market in 2022, with 64.6% of Jacksonville apartment renters renewing their leases.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »
Jacksonville Zoo plans for massive projects in 2023 - Jacksonville Business JournalSee what changes will be coming to the Jacksonville Zoo and Gardens.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »
A look at the new animals welcomed at the Jacksonville Zoo in 2022 - Jacksonville Business JournalThere were more than a dozen new additions this year, including critically endangered species such as a baby lemur.
Fuente: JaxBizJournal - 🏆 599. / 51 Leer más »