Economy
By Ryan Casey Stephens, FPQP®Special Contributor Sunday marked the start of Advent for the Christian faith, and my family was among the billion or more who celebrate around the globe. Advents, in the church and in general, mark the arrival of some notable person or event. Many believe that we’re witnessing the advent of a…
Staff Report Amid the backdrop of high inflation, elevated mortgage rates, and slowing sales activity, severely limited housing inventory will prevent large home price drops for most of the country next year, according to NAR Chief Economist Lawrence Yun. Yun analyzed the current state of the residential real estate market and shared his 2023 outlook…
The country is already in the midst of a “mild recession,” but local job growth is outstanding and inflation has peaked, an economist told Dallas builders last week. National Association of Home Builders Chief Economist Rob Dietz emphasized that next year is going to be difficult, but 2024 will be a year of housing rebound…
Emails flood our inboxes every day with news that construction prices are up, inflation is out of control, and a recession is imminent. Somewhere in the mix, there are also messages telling us it’s a great time to buy a new home, construction is on the rise, and the market is rebounding to pre-pandemic levels. …
The National Association of Realtors just released a report showing existing home sales sliding by 5.9 percent in July from the previous month. That’s the sixth month in a row of declining sales numbers. Statewide statistics reflect a cooling market, too, with closed sales down 16.1 percent for July according to recently released numbers from…
