Coming out of the pandemic shutdown lit the match for housing demand, and it’s been burning hot for nearly two years straight — but a housing correction is finally on the horizon.
Two-thirds of the nation’s largest housing markets are overvalued, according to a report by Moody Analytics, an economic research firm regarding risk, performance and financial modeling.
The report found 210 metro areas were overvalued by 25% or more. Within that stat are 10 Michigan markets.
Housing Starts, the jargon word used to refer to the inception of new residential construction, have a fairly logical relationship with building permits. The latter tends to run a bit higher on average since the […]
Today we have some good news for the housing market! The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. With mortgage rates […]
The post Why Today’s Housing Market Isn’t Headed for a Crash appeared first on Weekly Real Estate News.
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