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.
Robust Jobs Data Dampens Expectations for Fed Rate Cuts Read More »
Unemployment dipped in March 2024, indicating that the labor market has remained resilient despite the Fed rate hikes.
Robust Jobs Data Dampens Expectations for Fed Rate Cuts Read More »
The value of the Market Hotness Index* was 103.73 for the week ending April 14th, 2024, compared to 103.56 in the previous week. The index remains flat as elevated rates appear to have frozen the market.
The hottest county for the week ending April 14th, 2024, is Monroe County, NY.
Housing Market Hotness Index April 14, 2024 Read More »
The 2024 spring housing market is now in full swing, but is echoing the trends of 2023: scarce inventory, high mortgage rates, and homebuyers competing for few options.
The Spring Housing Market of 2024 Resembles That of 2023 Read More »
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 it be the simultaneous rapid surge in mortgage rates and home prices over the past three years in combination with the demographic trends?
Mortgage Rates and Demographics are Shaping the Current Housing Market Read More »
March 2024 saw a 3.5% rise in consumer prices, exceeding expectations and fueling discussions on the Federal Reserve’s interest rate policy.
March 2024 Sees Increase in Inflation, Suggesting Continuation of Rate Holds Read More »
Rising mortgage rates and revised expectations of fewer rate cuts in 2024 are discouraging homebuilders and likely leading to a decline in new housing construction, which could further tighten housing inventory and keep prices on the rise.
Fewer Rate Cuts, Fewer New Homes? Read More »
The value of the Market Hotness Index* was 103.56 for the week ending April 7th, 2024, compared to 103.13 in the previous week. The index value improved marginally as the housing market adjusts to elevated rates.
Housing Market Hotness Index April 07, 2024 Read More »
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 (Triple-I). Furthermore, they climbed by an additional 42% in 2023, solidifying Florida’s position as the state with the highest homeowner insurance premiums. Forecasts suggest double-digit increases for 2024.
Surging insurance premiums and HOA fees slow down Florida’s Housing Market Read More »
The index posts another modest gain as market warms up.
Housing Market Hotness Index March 31, 2024 Read More »
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 popular West and South regions, redirecting their attention to the affordability haven offered by the Northeast and Midwest.
Why Homebuyer Interest is Shifting to the Northeast and Midwest Read More »