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 »
Housing Market
Housing Market Hotness Index April 14, 2024
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 Spring Housing Market of 2024 Resembles That of 2023
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 »
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 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 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.
March 2024 Sees Increase in Inflation, Suggesting Continuation of Rate Holds Read More »
Fewer Rate Cuts, Fewer New Homes?
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 »
Housing Market Hotness Index April 07, 2024
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 »
Amid High Rates and Prices, VeroFORECAST Projects Moderate House Price Increases
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 »
Housing Market Hotness Index March 31, 2024
The index posts another modest gain as market warms up.
Housing Market Hotness Index March 31, 2024 Read More »
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 the exception of during the subprime financial crisis between 2007 and 2012 when it gapped up as high as 4
The Shortage in Housing Was Going to Happen Anyway – Covid and The Fed Made It Worse Read More »