Economy
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…
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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…
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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. …
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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…
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By Ryan Casey Stephens, FPQP®Special Contributor Bill Morgan, an Australian truck driver, had a fatal heart attack after nearly being crushed in a terrible accident in 1998. He was clinically dead for 14 minutes while doctors tried to revive him. Few people recover from 14 minutes with zero heartbeat without brain damage. However, lifesaving care…
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