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 »
Even with high prices and mortgage rates, the housing market continues to see an upward price trend, fueled by strong competition among homebuyers regardless of limited inventory. Additionally, the entry of millennials into their prime home-buying years is contributing to increased demand.
Amid High Rates and Prices, VeroFORECAST Projects Moderate House Price Increases 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 »
The Market Hotness Index is formulated through a combination of proprietary data pertaining to housing activity and demand and supply indicators for the 100 most populous counties in the U.S.
Housing Market Hotness Index Read More »
The unemployment rate increased to 3.9% in February 2024, while nonfarm payrolls showed that the US economy added 275,000 jobs.
Does February 2024’s Unemployment Report Suggest a Weakening Labor Market? Read More »
The rapid price growth and intense competition of the past few years in the housing market is a thing of the past. While many markets remain seller-dominant, buyer demand has moderated due to high mortgage rates and affordability concerns. This might result in longer listing times and more negotiating room for buyers.
Dive into 2024 with Key Housing Market Metrics Read More »
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 technology could be used to perpetuate discrimination against certain groups of people. It is important to ensure that technology is used in a fair and ethical way, and that it does not exacerbate existing inequalities.
Technology Can Help Provide Accurate and Fair Home Valuations Read More »
Insufficient housing supply in America is a key driver behind the continual rise in home prices and the persistent low inventory. According to Freddie Mac’s data, there was a supply deficit of 3.8 million units in Q4 2020. Other estimates also indicate deficits in the millions. With a growing population and the formation of more households, demand is on the rise.
Can New Construction Ease Supply? Read More »
As we enter the new year, anticipation surrounds the housing market’s trajectory. Will it revert to its pre-pandemic state? Is an era of more affordable homes on the horizon? Are we bracing for a ‘silver tsunami,’ as baby boomers downsize and flood the market with homes? In short, the answer is no.
New Year, Old Housing Market Read More »
The current housing landscape starkly contrasts with the Great Recession of 2008, with a notable factor being the acute shortage of available homes. Unlike the excess inventory seen in the 2007-2008 period, existing homes for sale in November 2023 numbered less than 1.2 million, a significant departure from the three million-plus during the Great Recession.
Crunching Numbers: The Persistent Low Housing Supply Read More »
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