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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wells Fargo, one of Jacksonville's top banks, agrees to massive settlement - Jacksonville Business JournalJacksonville's third largest bank agreed to pay billions to settle claims of consumer harm.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Wells Fargo economists say housing downturn still in ‘early innings’ - San Francisco Business TimesIn banking news, WellsFargo economists say they expect nation's median existing single-family home price to fall in 2023
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Wells Fargo economists say housing downturn still in ‘early innings’ - San Francisco Business TimesIn banking news, WellsFargo economists say they expect nation's median existing single-family home price to fall in 2023
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
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.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Photos: See some of Jacksonville, St. Augustine's new holiday cocktails - Jacksonville Business JournalPeruse our winter cocktail gallery for holiday spirits and libations from some of Jacksonville's well-known bars.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Jacksonville Zoo plans for massive projects in 2023 - Jacksonville Business JournalSee what changes will be coming to the Jacksonville Zoo and Gardens.
Source: JaxBizJournal - 🏆 599. / 51 Read more »