Prices have doubled in some Florida markets over the past four or five years, so the 10 percent increase we're forecasting for the state this year might seem kind of small compared to recent trends. |
Sellers are stubborn. It takes a long time for sellers to adjust their expectations. |
So long as the South remains affordable and the number of available jobs remains steady we forecast continued growth in Atlanta. |
The housing market is certainly shifting away from a record-breaking pace. |
The housing market is shifting away from the record-breaking pace of last year to a more sustainable pace. |
The housing market just refuses to stop. |
The larger declines were recorded in the high-priced markets that are more sensitive to mortgage rate changes. |
The market clearly has some legs left. Buyers who were sitting on the fence, hoping mortgage rates would decline, have decided to make the move now. |
The strong rise in prices cut into affordability, even with the low rates. |
The supply of homes is very tight for new and existing homes. We will continue to see healthy home-price appreciation. For non-home owners, that's bad news. But for home owners, that's building wealth. |
We have been monitoring several markets where there could be significant stress due to the market correction. Chicago is not on that list. |
What we had in the past couple of years was an unprecedented frenzy of activity. That's what we're seeing: A decline from a frenzied, unsustainable rate. |
You need a strong job market with people in their 20s moving out of their parents' homes before rents recover. |
You're seeing two separate markets. One is in the coastal regions where you're seeing a substantial decline in home sales. The second is in the middle part of the country, in the affordable regions, where the job market is more important than interest rates. |