Housing Market
Mortgage Rates and Demographics are Shaping the Current Housing Market
The housing market boomed during the pandemic years and now seems to be in a frozen state. Is it the employment landscape, inflation, or could ...
Housing Market Hotness Index April 28, 2024
The value of the Market Hotness Index* was 103.56 for the week ending April 28th, 2024, compared to 103.88 in the previous week. The hottest ...
The Shortage in Housing Was Going to Happen Anyway – Covid and The Fed Made It Worse
Total housing inventory in the U.S. has averaged between 2 and 3 million units over the past 40 years with ...
Economy
Buyers Head to the Northeast as Rates Climb
Despite rising mortgage rates and home prices, strong job markets and low inventory are fueling continued home price increases, especially in the Northeast cities.
Robust Jobs Data Dampens Expectations for Fed Rate Cuts
Unemployment dipped in March 2024, indicating that the labor market has remained resilient despite the Fed rate hikes.
March 2024 Sees Increase in Inflation, Suggesting Continuation of Rate Holds
March 2024 saw a 3.5% rise in consumer prices, exceeding expectations and fueling discussions on the Federal Reserve's interest rate policy.
Local Markets
California’s Homeowners Face Insurance Squeeze
California's housing market faces a significant challenge as major insurers stop renewing policies due to wildfire risks and rising costs. This move could lead to ...
Surging insurance premiums and HOA fees slow down Florida’s Housing Market
Average yearly home insurance premiums in Florida surged to over $4,231 in 2022 from $2,165 in 2020, according to data from the Insurance Information Institute ...
Why Homebuyer Interest is Shifting to the Northeast and Midwest
In the dynamic landscape of the real estate market, the patterns of homebuyer interest are undergoing a transformation. Buyers are veering away from the traditionally ...
Technology
Modern Technology for Eco-Friendly Living
Home buyers are seeking homes that could potentially reduce their carbon footprints according to a study by the National Association of Realtors. According to this ...
Unlocking the Potential of AI: From Sci-Fi to Reality
In the housing sector, AI is transforming the industry in numerous ways, from streamlining the search for your dream home to predicting market trends and ...
Technology Can Help Provide Accurate and Fair Home Valuations
As with any new technology, there are also potential risks associated with its use in the housing industry. For example, there is a risk that ...
Market Forecasts
VeroFORECAST Quarterly U.S. Housing Market Outlook Q4 2023-Q4 2024
Per the Q4 2024 Veros Real Estate Solutions (Veros®) VeroFORECAST, the 2023 housing market challenges are expected to persist into 2024, characterized by low supply ...
VeroFORECAST Quarterly U.S. Housing Market Outlook Q3 2023-Q3 2024
Veros Real Estate Solutions' (Veros®) Q3 2023 VeroFORECAST projects a 2.2% average increase in home prices over the next 12 months, indicating a steady market. ...
VeroFORECAST Quarterly U.S. Housing Market Outlook Q2 2023-Q2 2024
Veros Real Estate Solutions' (Veros®) Q2 2023 VeroFORECAST reveals a strengthening housing market with an anticipated 1.7% average increase in home prices over the next ...