Found 2 blog entries tagged as home prices.

 

We get asked often, in this market, with rates going up up and up, how long are these home prices going to continue to rise? If you are like them, you maybe concerned that the market is heading for a crash like 15 years ago. We are here to reinforce, as experts have, that the market is nothing like it was during the crash. Odeta Kushi, Deputy Chief Economist at First American offered:

"We do need price appreciation to slow today (it's not sustainable over the long run) but high price growth today is supported by fundamentals- short supply, lower rates & demographic demand. And we are in a much different and safer space: better credit quality, low DTI [Debt-To-Income] and tons of equity. Hence, a crash in prices is very unlikely."

In the…

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We are seeing home after home sell quickly to buyers making offers well over the asking price, often without contingencies, and with great terms for our Sellers. Buyers continue going to great lengths to ensure that their offer is sufficient to win in multiple offer situations; or are buying new construction homes, depsite the lack of flexibilty that builders are offering and the uncertainty of delivery date due to supply side issues. From 2020 on we have seen month after month of price increases which begs the question, will we have an adjustment in The Triangle and if so; what will it look like. We have compiled information from the leading sources on inflation, mortgage rates, and what the market did in October to help explain prices. Let’s look at…

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