Economist and Housing panel expects home prices will grow at a steady pace starting in 2024

March 2, 2023 Mark Paul Cervantes Economy, Weely Real Estate News Comments Off on Economist and Housing panel expects home prices will grow at a steady pace starting in 2024

Economists and housing experts polled in the latest Zillow Home Price Expectation (ZHPE) survey expect home prices to fall 1.6% through Dec. 2023. Affordability challenges are still dragging down demand for homes – lower mortgage costs in January translated into sales that tracked pre-pandemic trends. Still, higher rates in February have since dampened buyers’ enthusiasm. […]

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US Housing Market Overvalued by $200 Billion Due to Unpriced Climate Risks

February 17, 2023 Mark Paul Cervantes Housing, Top News, U.S. Housing Market, U.S. Market Comments Off on US Housing Market Overvalued by $200 Billion Due to Unpriced Climate Risks

A new study published in the journal Nature Climate Change examines the potential cost of unrealized flood risk in the American real estate market, finding that flood zone property prices are overvalued by  US$121–US$237 billion. Authored by […]