Heard on the Street: After a miserable year for housing, there are some reasons for optimism
Most Americans agree that now is a horrible time to buy a house. But it could be a great time to start betting on a housing recovery.
This wasn’t the sort of year for the housing market that most people expected. Heading into 2022, the biggest problem faced by real-estate agents was that there wasn’t enough inventory to meet demand, while home builders were struggling to increase construction. Would-be home buyers hated how prices had shot higher during the pandemic and that mortgage rates were beginning to drift higher, but if they could swing it, they would buy.
The National Association of Realtors forecast that sales of previously-owned, or existing, homes would be a touch softer this year, after hitting their best level since 2006 last year. Builders surveyed by the National Association of Home Builders were feeling optimistic., Americans have almost completely soured on the idea of buying a home.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why a US housing recovery is ‘still miles away’ after sales cratered in NovemberExisting-home sales have fallen for 10 consecutive months – the longest losing streak on record.
Read more »
Mountain resort towns work to solve affordable housing crisis by adding housing stock through creative ideasFrom modular homes to affordable housing neighborhoods, mountain resort towns are getting creative to solve the housing crisis. via RussellHaythorn
Read more »
Bankers not expecting quick recovery as IPO volumes plunge to lowest level since 2008Investment bankers are bracing for another tough year ahead after losing out on lucrative fees from arranging stock sales, as the market for initial public offerings plummeted to its lowest level since the financial crisis of 2008.
Read more »
7 Best Peri Bottles for Postpartum RecoveryA postpartum peri bottle is a gentle and effective tool to help with your recovery. Wondering how to use a peri bottle? Get tips and check out our picks of the best peri bottles on the market.
Read more »
The Latest in Concussion Treatment and RecoveryNew evidence points towards the effectiveness of a surprisingly old-fashioned treatment for concussions
Read more »
US stock recovery on Tuesday ‘hardly’ a sign of looming Santa Claus RallyAll three major U.S. benchmarks are trading in the green on Tuesday, but a small recovery is not a sign that a Santa Claus Rally will happen on Wall Street in 2022, expert says.
Read more »