In order for prices to actually fall, inventory would have to exceed demand, according to Neal Hanks, president and CEO of Beverly-Hanks Realtors.
Asheville Homes Overpriced By 46%, Report Says. Does That Mean Prices Could Finally Fall?
Asheville Citizen Times, Asheville Citizen-Times
Tue, 05/17/2022 - 2:03am
BING NEWS:
- Builders are slashing home prices to keep buyers interested, as confidence in the market wanes for the first time since November 2023
The numbers: Builder confidence plunged in May, as they see home-buying activity wane in the face of high mortgage rates. High rates weighed on sentiment among home builders, which dropped for the ...
05/15/2024 - 3:01 am | View Link - Most US Homes Are Overvalued
Home prices across the nation are overvalued, in many cases by more than 10%, according to a new report on RMBS by Fitch Ratings. Indeed, in 4Q23 homes in the U.S. were overvalued by 11.1% on a ...
05/14/2024 - 11:28 pm | View Link - US home prices have surged 47% since the start of 2020
Home prices have surged 47.1% since the start of 2020, easily outstripping the gains seen in recent decades. That's according to a recent analysis by ResiClub of the Case-Shiller National Home Price ...
05/14/2024 - 5:43 am | View Link - Homes are overvalued in much of the U.S. — with these 5 states leading the list
Fitch ranked the 50 most populous metropolitan areas in the U.S. by how much they were deemed to be overvalued. Among the 50 most populated metro areas, home prices were most overvalued in Memphis, ...
05/14/2024 - 3:44 am | View Link - More homes are on the market than a year ago, but rising mortgage rates remain a hurdle for many
Homebuyers have a wider selection of homes to choose from now than they had at this time ... as we’ve seen over the past few years,” Realtor.com economists wrote in a recent report. “For buyers, that ...
05/13/2024 - 5:58 am | View Link - More
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