WASHINGTON (June 8, 2023) – The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent […]
It’s been a brutal 15-month period for the housing market since the Federal Reserve began escalating its benchmark interest rate in March 2022 to combat rising inflation. Since then, the Fed has bumped rates 10 times, effectively […]
Shelter inflation is a macroeconomic drag. Money spent on housing is money that’s not being spent on education, services, and durable goods. The post Guest Opinion: How the Fed Impacts the Housing Market appeared first […]
The U.S. housing market is gradually cooling off amid elevated mortgage rates and growing recession concerns. The national median existing-home sales price in April slipped 1.7% from one year ago to $388,800, according to USA TODAY. In […]
When FEMA released its Risk Rating 2.0 methodology in October 2021, thousands of homeowners in low-elevation coastal areas of the United States braced for federal flood insurance hikes. Recently released data from the agency shows […]
Combined with tightening credit for construction lending, which we expect will soon be realized by a slower new project pipeline, we are expecting a significant slowdown in starts later this year,” wrote Fannie Mae economists […]
It was a wild ride for the housing market last week! The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. New listings data fell, however, […]
Some of the biggest US home buyers are backing out of the housing market as it undergoes shifts in affordability and rent dynamics. A recent analysis from John Burns Research and Consulting found that institutional investors who […]
Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. Why is this so important to me? If the days on the market […]
In “The Shawshank Redemption,” escaped convict Andy Dufresne writes his recently paroled best bud Red that “hope is a good thing, maybe the best of things, and no good thing ever dies.” For prospective home buyers, […]
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