Housing Market
The housing market plays an important role in the U.S. economy — on an individual level and in the broader economy. Anyone who has been involved in the housing space long enough, knows that the housing market is a cyclical space. Lower interest rates often drive an increase in home-buying activity as consumer buying power increases. Conversely, higher interest rates often cause a downturn in buying demand.
HousingWire’s Housing Market coverage spans everything from the pent-up demand in the housing market to where the experts predict the market is headed in 2023 and beyond.
The Latest Market Trends
March 2022 – HousingWire Lead Analyst Logan Mohtashami sums up the current housing market best, saying, “This housing market isn’t driven by FOMO (Fear Of Missing Out) or people trying to make a quick buck. That was the housing market of 2002-2005, not what we have today. You can easily see here that we don’t have the credit boom as we did during the housing bubble years. We have solid replacement buyers: people needing shelter.
“The problem we have now is that we have a raw shortage of inventory for the number of Americans that need homes. Demographics are solid, the unemployment rate is under 4%, and even with the rise in mortgage rates, they’re still under 4.5% today. As you can see, we have had a lot of capacity for home-price growth with current homebuyers. However, I have lost my five-year home-price growth model of 23% in just two years, and inventory has worsened in 2022. So now, I consider this not just an unhealthy housing market, but a savagely unhealthy housing market.”
Latest Posts
Pending home sales rose 0.3% in June, the first increase in 3 months
Jul 27, 2023After dropping slightly month over month in May, pending home sales ticked back up in June, rising 0.3%. The NAR expects a big rebound in existing-sales next year.
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CoStar rides record site traffic to $101 million profit in Q2
Jul 26, 2023 -
Master-planned community sales ticked up in the first half of 2023
Jul 25, 2023 -
Housing markets with flood and wildfire risk are booming
Jul 25, 2023 -
Anywhere Real Estate reports $19M in Q2 net income
Jul 25, 2023 -
Homebuyers say this is the worst time ever to buy a house
Feb 07, 2022 -
Zillow’s outlook for 2022: Will housing affordability slow demand?
Feb 04, 2022 -
US job growth records strong start to the year
Feb 04, 2022 -
Here are 4 macro trends impacting the 2022 housing market
Feb 03, 2022 -
CoreLogic: home price appreciation will cool in 2022
Feb 01, 2022 -
The doxing saga of Michael Arrington’s Miami mansion
Jan 31, 2022 -
How rookie agents are faring during the pandemic
Jan 21, 2022