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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Dallas Fed: Housing market is only passing through a modest correction, but ‘tighter-than-expected’ monetary policy could trigger a ‘more-severe’ price drop

March 2, 2023 Mark Paul Cervantes Housing Bubble, Top News, U.S. Housing Market Comments Off on Dallas Fed: Housing market is only passing through a modest correction, but ‘tighter-than-expected’ monetary policy could trigger a ‘more-severe’ price drop

Economists at the Federal Reserve Bank of Dallas caught the attention of the real estate industry back in March 2022 when they published a paper titled “Real-Time Market Monitoring Finds Signs of Brewing U.S. Housing Bubble.” […]