Is the ‘Housing Market Recession’ Over?

  • 📰 AllSidesNow
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

2022’s housing market downturn appears to have ended, multiple sources said — but new construction is seeing a “slowdown.” See potential bias and similarities in coverage from thehill, dcexaminer and washingtonpost:

Home prices, which stabilized in recent months, are rising due to a shortage of pre-owned homes on the market. New single-family housing construction is

in response; despite an overall drop in housing starts in June, single-family building permit applications hit a 12-month-high. As remote workers moved into homes during the COVID-19 pandemic, housing demand outstripped supply, causing prices and construction to rise until late 2022, when the Federal Reserve’s interest rate hikes drove up mortgage rates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 572. in ZA

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.

The housing market recession is already endingSupply chains are easing up. Homes are lingering on the market. And after dropping in the latter half of 2022, prices are slowing stabilizing.
Source: washingtonpost - 🏆 95. / 72 Read more »

How artificial intelligence is being used in the housing marketTrying to rent or buy in the current housing market can be frustrating, expensive and almost always time consuming, but companies that work with both renters and buyers are turning to artificial intelligence to try to make the process easier.
Source: nbcbayarea - 🏆 596. / 51 Read more »

USD/MXN Price News: Mexican Peso justifies options market optimism at multi-month high near 16.70USD/MXN Price News: Mexican Peso justifies options market optimism at multi-month high near 16.70 – by anilpanchal7 USDMXN Options Markets RiskAversion TrendFollowing
Source: FXStreetNews - 🏆 14. / 72 Read more »