November 2022 Existing Home Sales: Sales Plummet in Stale Market
Existing home sales took a hit in November from both sides as buyers and sellers sat at a stalemate in the housing market.
November 2022 Existing Home Sales: Sales Plummet in Stale Market
Existing home sales took a hit in November from both sides as buyers and sellers sat at a stalemate in the housing market.
November Housing Starts: Homebuilding Continues to Slow
November continued to see a slip in home construction activity, despite inflation cooling off and mortgage rates falling.
October Existing Home Sales: Affordability Woes See Largest Drop in Sales in 15 Years
Existing home sales slipped in October, continuing the trend with every month in 2022 seeing a drop in sales, seeing the largest year over year decrease in existing home sales since 2007.
October Housing Starts: Homebuilding Activity Slows Again
October was a challenging month with disappointing inflation data and soaring interest rates, and it is no surprise that home building activity reverted back to a downward trend
September New Home Sales: New Sales Back Down With Rates Climbing
Mortgage rates spiked in September, leading to a slowdown in new construction sales compared to August when rates took a slight dip down.
August 2022 Case-Shiller Results & Forecast: Cooling Fall
Home values continued to fall in August as affordability took hold of both buyers and sellers. The impact was not as intense as it could have been given the slight reprieve in mortgage rates in August, which briefly dropped below 5% and helped to bolster sales counts. But that was short lived leading into September and October with much higher rates and more affordability concerns.
Spooky Season is Here to Stay: Mortgage Affordability May Never Recover
Housing affordability has become the highest barrier for both buyers and sellers in today’s housing market. Throughout the pandemic, as prices were rising to never-before-seen heights and inventory plummeted to their lowest level in at least 40 years, low mortgage rates helped keep monthly payments affordable for most home buyers who could afford a down payment. But now that rates are soaring, that monthly payment is climbing out of reach for many.
September Housing Starts: Permits Stable Amid Soaring Interest Rates
Home builder sentiment plunged far below expectations in September, and housing starts fell again likely in response to interest rates picking up as builders anticipate demand falling even more
Home Buyers Are Paying More Attention to Flood Risk, But Not Other Climate Events
Evidence now suggests that while climate risks may not have dented demand for housing, they may be taking more of an active role in buyers’ and lenders’ decision-making processes.
July 2022 Case-Shiller Results & Forecast: Rebalancing Power
The S&P CoreLogic Case-Shiller U.S. National Home Price Index® rose 15.8% year-over-year in July (non-seasonally adjusted), down from 18.1% in June.
