Why the Next Recession Is Likely to Happen in 2020, and What It Will Mean for Housing
The longest uninterrupted economic expansion in U.S. history will probably end with a recession in 2020, but housing likely won't be the cause.
Market Trends
Rates Hold Breath for Much-Anticipated Fed Meeting
The next FOMC meeting has loomed large for weeks now, and many view a 25-basis point cut to the federal funds rate as a foregone conclusion.
June New Home Sales: All About the Revisions
Despite a positive headline figure, June's new home sales are a wake-up call for a sector that enjoyed an otherwise solid start to 2019.
Florida Boasts 9 of the 10 U.S. Cities With the Most Vacation Homes
If you're looking for the U.S. city with the most vacation homes, by number, that's New York City. It's popular, for sure -- and it also has the most homes, period. However, if you're looking for the city where you're most likely to come across a vacation home -- where the share of all homes that are vacation homes is largest -- that's a different glittery strip.
June Existing Home Sales: Disappointing, But Not Surprising
After a good May and a recent rebound in pending sales, June’s lackluster existing home sales data is certainly disappointing – but not entirely surprising.
U.S. Rent Growth Accelerates as Home Values Stabilize (June 2019 Market Report)
A surge in new apartment supply over the past few years that temporarily muted rent growth for much of 2018 has seemingly been fully digested by the market.
Strong Jobs Report Bumps Rates Higher – For Now
Despite strong economic releases, unexpectedly weak home construction data and concerns about international trade relations tempered mortgage rate increases over the past seven days.
June Housing Starts: Still Sluggish
A sluggish first half of 2019 indicates that builders have so far not been as willing or able to put up as many new homes as the strong economy and milder summer weather might otherwise suggest.
Strong Jobs Report Bumps Rates Higher – For Now
Mortgage rates rose this week following a stronger-than-expected jobs report, but are expected to come back down after Federal Reserve Chairman Jerome Powell testified that a near-term cut to the federal funds rate remains likely.
36 Major Metros Where High School Grads Can Afford a Home (Q1 2019 Affordability)
Despite home values climbing for years, the median home in 36 of the country’s 50 largest metro areas is theoretically affordable to households that earn the typical income associated with attaining only a high school diploma.
