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The recent weakness in the housing market, combined with mortgage rates close to 7%, have led to some downwards revisions to house price forecasts. For example, from Goldman Sachs economists today: Our G10 home price model suggests sizable nominal home prices declines from the…
20
House Price-to-Rent Ratio also Declined in July
20
"July and August 2022 mark the largest single-month price declines seen since January 2009"
10
Higher Rents will continue to impact measures of inflation in 2022
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NewCommunity
New Home Sales Increase to 685,000 Annual Rate in August
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FHFA: "House prices fell nationwide in July, down 0.6 percent from the previous month"
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A Technical Note
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There is a significant difference between measures of inventory, and this is leading to some confusion. The National Association of REALTORS® (NAR…
19
Inventory Up, Sales Down Sharply, New Listings Decline
17
From the NAR: Existing-Home Sales Slipped 0.4% in August Existing-home sales experienced a slight dip in August, marking the seventh consecutive month…
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Sales and New Listings Down Sharply Year-over-year
22
Housing Starts Increased to 1.575 million Annual Rate in August
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