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
Homebuyers say this is the worst time ever to buy a house
Feb 07, 2022Homebuyers are feeling pretty pessimistic about the housing market. In January, Fannie Mae’s Home Purchase Sentiment Index (HPSI) hit its lowest level since May 2020 when much of the country was still in lockdown
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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 -
Did existing home sales peak in 2021?
Jan 20, 2022 -
Buyers viewed just eight homes before making their purchase
Jan 20, 2022 -
Housing starts reach nine-month high in December
Jan 19, 2022 -
Agents scramble to meet demand…in Rochester?
Jan 14, 2022 -
What are the drivers of housing demand in 2022?
Jan 13, 2022