Published by REALTOR.com | June 21, 2023 About 2.4 million households have been priced out of homeownership over the past year. First-time homebuyers and people of color have been particularly affected by higher home prices and mortgage interest rates, according to the Joint Center for Housing Studies of Harvard University’s annual State of the Nation’s Housing …
Fewer First-Time Buyers Can Compete in Today’s Pricey Market Read More »
Published by REALTOR.com | June 9, 2023 The number of homeowners receiving a foreclosure filing spiked in May, causing many to draw uncomfortable parallels with the Great Recession. The number of homeowners receiving a dreaded foreclosure filing spiked in May. About 1 in every 4,000 homes had a foreclosure filing in May, according to a recent report from real …
Foreclosures Are Spiking—How Bad of an Omen Is This for the 2023 Housing Market? Read More »
Published by REALTOR Magazine | June 8, 2023 Today’s homebuyers are learning that finding a move-in ready home in a good location that they can comfortably afford is about as rare as a winning Powerball ticket. A dire housing shortage has kept prices strong and competition fierce among buyers despite high mortgage interest rates. That’s left less than …
Affordability Crunch: Where Middle-Class Buyers Can Afford Homes the Most—and the Least Read More »
Published by REALTOR.com | May 24, 2023 Whoever wins the 46th presidency—from either side of the aisle—will have a major challenge in tackling the housing crisis. After months of fueling rumors, DeSantis formally announced his bid for the U.S. presidency on Wednesday. What would that mean for the housing market if he wrests the Republican …
How a Ron DeSantis Presidency Would Affect the Nation’s Housing Market Read More »
Published by FOX Business | May 22, 2023 Housing market recession could bleed into broader economy, Fannie Mae warns The U.S. housing market is slowly stirring back to life after entering a deep freeze in mid-2022, but the worst may not be over for the sector just yet. Fannie Mae economists predicted in a revised forecast …
Published by Forbes.com | May 18, 2023 Natural disasters tend to temporarily halt the housing market in affected areas. If the U.S. hits the debt ceiling, expect a similar effect on the housing market. If the United States breaches the debt ceiling, it would hit the housing market like a natural disaster. Whenever there is …
A Debt-Ceiling Crisis Would Hit The Housing Market Like A Hurricane Read More »
Published by REALTOR.com | May 8, 2023 Consumers expect mortgage rates to drop, so they’re feeling a lot more optimistic about the housing market, according to a recent Fannie Mae poll. After the U.S. Federal Reserve’s rate increase last week, the Fed Chair signaled a potential pause in hikes. Rates dipped after the news, and economists are …
Published by REALTOR.com | April 25, 2023 The question on the minds of homebuyers, sellers, and homeowners is what is going to happen with home prices. Does this sound disturbingly familiar? Skyrocketing home prices have very suddenly leveled off. Recession fears are swirling. The number of home sales has dropped. Is it 2006—the year that saw the …
It’s Deja Vu in the Housing Market—Is It 2006 All Over Again? Read More »
Published by FOX Business | April 17, 2023 Confidence among U.S. homebuilders jumps as mortgage rates fall Confidence among builders in the U.S. housing market increased more than expected in April as declining mortgage rates and low inventory helped drive demand higher for new homes. The National Association of Home Builders/Wells Fargo Housing Market Index, which measures …
Homebuilder Sentiment Jumps to Highest Level Since September Read More »
Published by Forbes.com | April 4, 2023 Pent-up home buyer demand is responding favorably to lower rates in many markets. A new report by data analytics provider CoreLogic reveals in many ways a tale of two very different housing markets. At one extreme, the West is slowing, and at the other extreme, the East is rising. Even …
A Tale Of Two Housing Markets In The Slowing West And Rising East Read More »
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