![]() “It’s going to have impacts on housing inventory three or four years down the road,” Dietz said.Īnd higher financing costs come at a tough time for homebuilders, said Dan Dunmoyer, president and CEO of the California Building Industry Association. single-family homes and by 12 percent for condos, according to new data from. But in the long run, they could make a big problem in the housing market - the lack of supply - even worse. Median single-family home prices in Sarasota increased by 21.6 percent year. It also gives you information on your insurance company and agent. ![]() 'This keeps me educated on all the latest news. Aneeta Bhalla, Coldwell Banker D'Ann Harper. 'It’s a great tool - at one glance, a Realtor can see all the options. I love the updated inventory sheets.' Susan Albertson, City Wide Realty. #NEW HOME INVENTORY UPDATE#In the short term, rising interest rates could cool down home prices, he said. Home inventory Use this accessible template to keep track of all the stuff in your home by room and value. 'I always go to Builders Update as my first source for my buyers. “It’s yet another factor that’s increasing the cost of construction,” said Robert Dietz, chief economist with the National Association of Home Builders. Your home comes to life in the KB Home Design Studio, a one-of-a-kind experience where you get both expert advice and the opportunity to select from a wide range of design choices that will help make your new home your own. But the Fed’s plan to slow inflation could also slow homebuilding.Ī rate hike can make all kinds of loans more expensive, including those that developers take out to build homes. Studio Hours: Monday - Sunday: By Appointment 9:00 AM - 6:00 PM. ![]() ![]() That increase is mostly due to the expectation that the Federal Reserve will continue to raise interest rates, as it did last month. Some markets are even tighter, making it tough for real estate agents to help their buyers a home. #NEW HOME INVENTORY MAC#New data from Freddie Mac shows the average rate on a 30-year mortgage is now up to 4.67% - the highest level since 2018. ![]()
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