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Homeprices

All articles tagged with #homeprices

real-estate2 years ago

"2024 Housing Market Trends: Ohio Struggles, While Zillow Ranks Top U.S. Hotspots"

Zillow predicts that Cincinnati, Columbus, and Cleveland in Ohio will be among the top 10 most competitive real estate markets in the nation for 2024, with Cincinnati ranking second. Despite challenges such as low inventory and high mortgage rates, these markets are expected to be strong due to factors like home value appreciation and job growth. However, the housing market is anticipated to remain tight for buyers. Central Ohio has seen significant price increases, but the region remains more affordable than the national average. Zillow's forecast contrasts with Realtor.com's, which did not include the three Ohio cities but listed Toledo as the hottest market for 2024.

via The Columbus Dispatch|
##homeprices#housingmarket
economyreal-estate2 years ago

"Australian Property Market Faces Uncertain 2024 Amid Slowing Growth and Economic Pressures"

Australian home prices saw an 8.1% increase in 2023, recovering from a 5% decline the previous year, but growth has slowed due to higher interest rates, inflation, and affordability issues. Sydney's prices rose by 11.1%, yet remained below their peak, while Perth and Brisbane also experienced significant increases. The Reserve Bank of Australia's rate hikes, totaling 425 basis points since May last year, and high inflation have put financial pressure on households. However, the RBA believes most borrowers can manage their mortgages. Future housing market trends will be influenced by the trajectory of interest rates, with potential rate cuts possibly boosting the market in the latter half of the year.

via Yahoo Finance|
##australianhousingmarket#economyreal-estate
real-estate-economy2 years ago

"2024 Housing Outlook: Easing Mortgages, Market Predictions, and Urban Challenges"

Experts predict a shift in the US housing market in 2024, with potential decreases in mortgage rates and home prices, and a rise in housing inventory. Realtor.com forecasts a 6.8% average for the 30-year fixed mortgage rate and a 1.7% dip in prices. Goldman Sachs expects a slight dip in existing home sales but an increase in new home sales and housing starts. Redfin predicts a 1% fall in home prices and a 5% increase in home sales. Zillow anticipates a flattening in price growth, while Fannie Mae projects a 2.4% price growth and a steady average mortgage rate of 6.7%. Overall, the market may see a bit of relief from the relentless price increases of previous years.

via Business Insider|
##homeprices#housinginventory