Our own Sonu anna analysis on washington post "housing market recession is already ending"

[csrcsr]

https://www.washingtonpost.com/business/2023/07/17/housing-market-recession/

 

The housing market is looking up for Donnie Evans. The Dallas-area builder can finish houses six weeks faster than he could during the pandemic, thanks to mended supply chains on anything from tiles to garage doors. There’s plenty of buyer demand for his homes, which range in price from about $250,000 to $850,000, even as the 30-year fixed mortgage rate hovers near 7 percent, more than twice what it was just 18 months ago.

 

 

“We’re not in a recession,” Evans said. “We’re in a slowdown, somewhat. But I don’t think a recession would be the correct word for it at all.”

That’s the growing message from home builders, real estate agents and economists who say last year’s housing market recession — which many feared would linger as the Federal Reserve fought to raise interest rates and crush inflation — has already turned around. Supply chains are easing up, boosting builder confidence and helping construction crews finish homes more quickly. High mortgage rates are cooling demand, but not zapping it altogether. Now that the frenzied bidding wars of the pandemic are over, there are more homes available at any given time, which gives buyers some options. And after dropping in the latter half of 2022, prices are slowly stabilizing, in another shift away from the pandemic’s warped markets.

Rental prices are finally starting to drop from pandemic highs

That’s good news for the overall economy, too. The housing sector — from contracting jobs to home purchases to mortgage loans — is a major driver of consumer spending and economic growth. It is also one of the industries most sensitive to interest rates, which the Fed pushed up at a historically fast clip beginning in March 2022.

 

“The housing recession is over, but the question becomes, ‘What will the recovery look like?’” said Lawrence Yun, chief economist at the National Association of Realtors. “The ideal recovery is where we have more inventory, more supply coming onto the market, so that the potential home buyers have access to buying a home without seeing a price increase.”

There is still a massive housing shortage nationwide, with economists estimating that the country needs anywhere from 1.5 to 5 million homes to fill the gap. Compounding the problem is that current homeowner

[csrcsr]

@Sonu_Patel anna FYA

[Fish]

1 minute ago, csrcsr said:

https://www.washingtonpost.com/business/2023/07/17/housing-market-recession/

 

The housing market is looking up for Donnie Evans. The Dallas-area builder can finish houses six weeks faster than he could during the pandemic, thanks to mended supply chains on anything from tiles to garage doors. There’s plenty of buyer demand for his homes, which range in price from about $250,000 to $850,000, even as the 30-year fixed mortgage rate hovers near 7 percent, more than twice what it was just 18 months ago.

 

 

“We’re not in a recession,” Evans said. “We’re in a slowdown, somewhat. But I don’t think a recession would be the correct word for it at all.”

That’s the growing message from home builders, real estate agents and economists who say last year’s housing market recession — which many feared would linger as the Federal Reserve fought to raise interest rates and crush inflation — has already turned around. Supply chains are easing up, boosting builder confidence and helping construction crews finish homes more quickly. High mortgage rates are cooling demand, but not zapping it altogether. Now that the frenzied bidding wars of the pandemic are over, there are more homes available at any given time, which gives buyers some options. And after dropping in the latter half of 2022, prices are slowly stabilizing, in another shift away from the pandemic’s warped markets.

Rental prices are finally starting to drop from pandemic highs

That’s good news for the overall economy, too. The housing sector — from contracting jobs to home purchases to mortgage loans — is a major driver of consumer spending and economic growth. It is also one of the industries most sensitive to interest rates, which the Fed pushed up at a historically fast clip beginning in March 2022.

 

“The housing recession is over, but the question becomes, ‘What will the recovery look like?’” said Lawrence Yun, chief economist at the National Association of Realtors. “The ideal recovery is where we have more inventory, more supply coming onto the market, so that the potential home buyers have access to buying a home without seeing a price increase.”

There is still a massive housing shortage nationwide, with economists estimating that the country needs anywhere from 1.5 to 5 million homes to fill the gap. Compounding the problem is that current homeowner

Housing market ki recession epudu ochindi asalu 

[Thokkalee]

1 minute ago, csrcsr said:

@Sonu_Patel anna FYA

Are you trolling sonu? 😄

[csrcsr]

Just now, Thokkalee said:

Are you trolling sonu? 😄

antha edagaledu anna housing market expert ani tagging

[MangalamSrinu]

Just now, Thokkalee said:

Are you trolling sonu? 😄

work lekunte em chestaru anna 😄

[kevinUsa]

rey mee face meda dogs piss

arey economy ante housing okate na ani  asking 

@csrcsr

[csrcsr]

Just now, kevinUsa said:

rey mee face meda dogs piss

arey economy ante housing okate na ani  asking 

@csrcsr

One of the key factor kada anna after number of jobs 

[appaji_pesarattu]

8 minutes ago, csrcsr said:

https://www.washingtonpost.com/business/2023/07/17/housing-market-recession/

 

The housing market is looking up for Donnie Evans. The Dallas-area builder can finish houses six weeks faster than he could during the pandemic, thanks to mended supply chains on anything from tiles to garage doors. There’s plenty of buyer demand for his homes, which range in price from about $250,000 to $850,000, even as the 30-year fixed mortgage rate hovers near 7 percent, more than twice what it was just 18 months ago.

 

 

“We’re not in a recession,” Evans said. “We’re in a slowdown, somewhat. But I don’t think a recession would be the correct word for it at all.”

That’s the growing message from home builders, real estate agents and economists who say last year’s housing market recession — which many feared would linger as the Federal Reserve fought to raise interest rates and crush inflation — has already turned around. Supply chains are easing up, boosting builder confidence and helping construction crews finish homes more quickly. High mortgage rates are cooling demand, but not zapping it altogether. Now that the frenzied bidding wars of the pandemic are over, there are more homes available at any given time, which gives buyers some options. And after dropping in the latter half of 2022, prices are slowly stabilizing, in another shift away from the pandemic’s warped markets.

Rental prices are finally starting to drop from pandemic highs

That’s good news for the overall economy, too. The housing sector — from contracting jobs to home purchases to mortgage loans — is a major driver of consumer spending and economic growth. It is also one of the industries most sensitive to interest rates, which the Fed pushed up at a historically fast clip beginning in March 2022.

 

“The housing recession is over, but the question becomes, ‘What will the recovery look like?’” said Lawrence Yun, chief economist at the National Association of Realtors. “The ideal recovery is where we have more inventory, more supply coming onto the market, so that the potential home buyers have access to buying a home without seeing a price increase.”

There is still a massive housing shortage nationwide, with economists estimating that the country needs anywhere from 1.5 to 5 million homes to fill the gap. Compounding the problem is that current homeowner

 

neeku @Sonu_Patel dora ante ekasekalu ayyindi anna...

[Naakendukuu]