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U.S. will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.
Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the U.S. housing market will shift in favor of home buyers by the end of 2023, 44% of 107 economists and housing experts polled by real-estate company Zillow for its Home Price Expectations Survey said. And 12% of these experts believed that shift will happen sooner — that is, this year. Yet roughly 45% of experts surveyed by Zillow say buyers…
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Biggest Halloween Decorations Available in 2022
Halloween is right around the corner, and if you want to ensure your house is the best decorated on your block, please delight in this incomplete ranking of the tallest Halloween decorations available online. Like Tinder, the first qualifier to make this list is height. I’ve excluded all decorations under 8 feet tall—I would not be frightened or intimidated by a 7-foot skeleton (real height 6 feet 8 inches, per the rules regulating the Tinderverse). While we’re all for Home Depot’s now infamous 12-foot tall, LCD-lit eyes skeleton, that’s not the only freaky, looming bag of bones you can purchase this year. In fact, there is a delightful abundance of extremely…
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Map: How fast sellers are slashing home prices in America’s 97 biggest housing markets
The Pandemic Housing Boom saw U.S. home prices spike an unprecedented 43% in just over two years. But that’s over now: Spiked mortgage rates have pushed the U.S. housing market into a sharp slowdown that could threaten some of those gains. Some firms—including John Burns Real Estate Consulting, Zonda, and Zelman & Associates—are already predicting that U.S. home prices in 2023 will post their first year-over-year decline of the post–Great Financial Crisis era. In a sharp housing downturn scenario, Fitch Ratings thinks a 10% to 15% national home price decline is possible. Not everyone agrees. Goldman Sachs and Zillow predict that U.S. home prices will rise another 1.8% and 2.4%,…
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Biggest Home Design Trends To Emerge This Summer 2022, Houzz UK
Forrester Roberts Interior Design (courtesy of Houzz) Hotel-worthy luxurious bedrooms, elevated TV rooms, and year-round indoor-outdoor spaces are among the biggest home design trends to emerge this summer. The latest report by home renovation and design platform Houzz has highlighted an increase in homeowners carving out dedicated spaces in the home, focusing on durable surfaces when renovating, and being inspired by newly coined terms such as ‘bootility’ and ‘lootility’. The trends are based on new search insights from Houzz‘s community of homeowners, home design enthusiasts and renovation professionals. Let’s take a look at these trends in more detail… • Elevated TV rooms With busier than ever lifestyles, a place to…
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What Colors Go With Green Decor, For Those Who Want To Embrace 2022’s Biggest Home Trend
There’s really no question why green has become 2022’s go-to color in the home. As HomeGoods Style Expert Jenny Reimold explains, “It’s a designer favorite due to its ability to create warm and inviting spaces that can be styled across a wide variety of color palettes.” Because of this, its popularity shows no signs of slowing down. “No matter the shade or tone of green, it is being incorporated into all interior design projects, residential and commercial spaces,” Margarita Bravo, founder and chief creative officer of her eponymous interior design studio, tells TZR. That said, its versatility can counterintuitively make it challenging to use at home — especially when you’re…
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The 20 Biggest Residential Real Estate Transactions Of 2022 (So Far)
All month long in July, we’ll survey the changing luxury real estate market, talk to top producers and offer advice on how to level up — all leading to the gathering of the year, Inman Luxury Connect, Aug. 2-3 at the Aria in Las Vegas. Make plans now to join us there. The luxury real estate market has had a pretty good run so far, especially considering inflation, climbing mortgage rates and shrinking inventory. To be sure, rising rates and prices have created a new threshold for luxury in the first half of 2022. But that hasn’t dissuaded luxury homebuyers, real estate agents told Inman. What has given some buyers…
