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As 2022 winds down and we enter 2023, there are many predictions going around with respect to what will happen to the housing market in the next year. Here is a recap of 2022 and what we can expect going forward.
Some are predicting prices to depreciate by 20%, while others are forecasting smaller declines, and few are calling for an increase in prices. The low inventory that is available for sale is what is preventing house prices from a steep decline. Higher mortgage rates have impacted demand, but have also frozen up supply.
The real estate market is rebalancing as supply and demand are adjusting to the higher mortgage rate environment. An increasing number of prospective homebuyers have found that their dream homes have been pulled out of reach as mortgage rates climb…
The real estate market is rebalancing as supply and demand are adjusting to the higher mortgage rate environment. An increasing number of prospective homebuyers have found that their dream homes have been pulled out of reach as mortgage rates climb…
Watch this webinar for a look at how data alerts for property listings and natural disasters can help impact better decision-making for lenders and servicers.
One question that naturally arises is how do hurricanes impact home prices after they hit? The answer may be surprising.
To investigate, we looked at a list of the 20 most expensive hurricanes on record (adjusted for inflation) in the US from the last 32 years.
The latest unemployment data shows some states are doing better or worse than their pre-pandemic values.
The latest unemployment data shows some states are doing better or worse than their pre-pandemic values.
“The VeroFORECAST data continues to exhibit upward price pressure in nearly all markets throughout 2021 and into 2022,” said Darius Bozorgi, CEO of Veros Real Estate Solutions.
