November Case-Shiller Results & Forecast: Gliding Back to Earth
The S&P CoreLogic Case-Shiller U.S. National Home Price Index® rose 18.8% year-over-year in November (non-seasonally adjusted), down from 19.0% in October.
No Shot in the Arm: Why COVID Vaccination Rates Have Little Impact on Local Housing Dynamics
With the widespread rollout of COVID-19 vaccines beginning in early 2021, local vaccination rates were found to have little impact on housing market performance or long-term, strategic housing decisions – but did lengthen transaction times in less-vaccinated areas.
December Existing Home Sales: Starved for Choice
Existing home sales fell back to earth in December, proving it's very hard for sales to meaningfully grow when there's simply nothing available to buy.
Inventory Down 40% from Pre-Covid Level as Price Growth Intensifies (December 2021 Market Report)
There were fewer options for would-be home buyers on the market at the end of 2021 than any time in recent memory.
Mortgage Rates Increase to Highest Level Since March 2020
Mortgage rates continued to increase last week, reaching their highest levels since March of 2020.
Zillow December 2021-December 2022 Home Value & Sale Forecast
Existing home sales are expected to continue growing through 2022, while annual home value growth is likely to peak and plateau in the early months of 2022.
December Housing Starts: A Fitting Conclusion to 2021
Housing starts had one last push to end 2021, rising from November against expectations for a small decline -- a fitting conclusion to a solid year.
Black Mortgage Applicants Denied 84% More Often than White Borrowers
Black applicants are denied a mortgage at a rate 84% higher than white applicants, an increase of 10 percentage points since 2019.
Mortgage Rates Rise on Signs of Hawkish Fed Reaction to Inflation
Mortgage rates increased significantly, with markets reacting to signs the Federal Reserve will take a more hawkish approach to inflation.
Experts Split on Sales Impact from Potential Affordability Woes vs. Inventory Gains
Housing experts are evenly divided on whether sales will rise or fall in 2022, weighing inventory growth against worsening affordability.
