US housing market decline will worsen in 2023, Goldman Sachs warns

The US housing market has slowed in latest months as rates of interest proceed to climb. However Goldman Sachs has warned would-be residence sellers that the housing market downturn is about to worsen in 2023. And for homebuyers, that does not essentially imply decrease residence costs. “We count on home value progress to come back … Read more

“Increasing pressure on list prices.” 3 top economists and real estate professionals on the housing markets where house prices will fall the most this year

Some markets could also be extra weak to accommodate worth declines than others, the professionals say. Getty Photographs Patrons in some markets are already getting — or could quickly get — some aid within the type of decrease residence costs, the professionals say. Already, over the previous 4-8 weeks, specialists have observed downward worth strain … Read more

Arsenic found in water at NYC housing complex

Metropolis officers mentioned faucet water at a New York Metropolis Housing Authority advanced within the East Village contained arsenic at ranges above the federal consuming water normal. The housing authority started testing the water in Jacob Riis properties in early August after receiving reviews of “cloudy” water, a spokesman for Mayor Eric Adams mentioned on … Read more

‘Bulky’ housing prices hit Zoom’s US cities – markets once booming during pandemic

Zoom cities are booming throughout America As distant jobs have taken maintain through the COVID-19 pandemic, a circulation of distant staff has left large cities for rural cities creating so-called Zoom cities. Anthony Jackson, USA TODAY After two years of bidding wars, bids above and no emergency bids, many Zoom cities are actually experiencing a … Read more