Housing Market Hot but Not a Bubble, Economists Say
Although home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. The latest Zillow Home Price Expectations survey polled more than 100 experts from academia, government and the private sector to gather their opinions on the state of the housing market and future growth, inflation forecasts and recession risks.
Mortgage Rates Continue Decline as Fed Attempt to Tame Inflation
Mortgage rates continued to decline last week. Expectations for how the Federal Reserve will attempt to tame inflation while avoiding a recession are being priced into mortgage rates today.
March 2022 Case-Shiller Results & Forecast: Despite Rising Costs, Demand Stays Strong
Demand for homes has stubbornly kept ahead of supply this spring, even in the face of rapidly rising costs. This imbalance between supply and demand for homes this spring has been the key driver in home price growth that continues to set records month after month.
Mortgage Rates Decline Second Week in a Row
Mortgage rates declined for the second week in a row.While strong retail sales figures drove rates higher early in the week, rates declined later on fears of recession. Large retailers reported disappointing earnings last week and markets reacted with declines in equity prices and “risk off” trades, driving rates lower.
Mortgage Rates Decline Slightly But Hikes Expected
Mortgage rates declined slightly last week, but are still more than two percentage points higher than a year ago.
April Housing Starts: Slowly Boosting the Housing Stock
In the face of rising interest rates and continued supply chain disruptions, builders in April narrowly missed maintaining the strong pace of housing starts achieved in recent months.
Mortgage Rates Rise As Markets Reverse Course
Mortgage rates increased last week, reaching heights we haven’t seen in more than a decade. While markets reacted positively to the Federal Open Market Committee action last week, markets reversed course in recent days to drive rates higher. Inflation, supply chain challenges and labor issues continue to weigh on the minds of market watchers, and may force the Federal Reserve to take more hawkish actions to tame inflation than what is currently being signaled
Annual home price appreciation has accelerated to record highs in each of the past 12 months, since surpassing the mid-2000s housing bubble high water mark that run of records is likely to end soon, as the housing market passes through an inflection point. That doesn’t mean a housing crash is coming or even that prices will fall, but a rebalancing would be welcome news for buyers, especially those buying their first home.
Mortgage Rates Fall Slightly, Economic Data In Line With Expectations
Mortgage rates fell slightly last week. Economic data releases last week were largely in line with expectations, with GDP declining slightly in the first quarter, price indicators showing continued inflation and jobless claims highlighting continued tightness in labor markets.
Mortgage Rates Rise in Reaction to Fed Comments
Mortgage rates moved up last week, reaching their highest levels in more than ten years.
