Housing Market

Build-to-Rent Market: Positive Rental Outlook Due to Stalled Housing Inventory

The 2022 real estate market outlook experienced many ups and downs during 2022. Higher mortgage rates, lower house sales, and dropping lumber prices has created a unique environment where homebuyers are moving away from making that first home purchase. Inflation and higher prices across the product market, from food to gas, forced people to have deep concerns on how to manage their monthly budgets. These factors have caused the build-to-rent market to surge this year.

07 November, 2022

Rising Housing Prices – What does the future hold?

The good news in early 2022 was an apparent slowdown in the runaway home sales prices that had characterized the previous year. Homes that consistently sold for over the asking price seemed to be on the market longer, and there were fewer bidding wars.

14 September, 2022

Housing Market 2023: Predictions Focus on a Slowdown Despite Record Selling

Contractors, real estate agents, and homeowners have been hyper focused regarding what the selling market will look like within the last few months of 2022 and into 2023. Will mortgage rates be favorable for people looking to purchase a home? How much housing inventory is available to meet rising demand? What will average home prices be as we start to ease away from pandemic fears?

06 September, 2022

Lumber Prices Fall as Mortgage Rates Contribute to Housing Market Affordability

While the pandemic had a major impact on workers having the ability to perform tasks safely, products across the country experienced major shortages due to supply chain issues. In the lumber industry, the commodity also experienced major changes as prices skyrocketed. Yet as we approach September of 2020, lumber prices are finally falling back to normal levels.

22 August, 2022

Material Shortages and Higher Costs Have Slowed Down New Home Sales in 2021

New home sales took an unexpected hit in the month of February in spite of increasing demand for single-family homes, dropping 18.2% from January's numbers. Nevertheless, industry experts say they aren't concerned about the housing market's long-term fundamentals and have attributed this dip in sales to short-term factors such as rising lumber costs and material shortages. In this article, we'll take a detailed look at the factors that have attributed to this recent drop in new home sales as well as discuss the housing market's outlook for 2021.

28 June, 2021