Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic
Are Fed Rate Hikes a Thing of the Past?
The Federal Reserve held rates steady again in December and forecasts three rate cuts in 2024
What's in Store for the National Housing Market in 2024
According to the 2024 National Housing Market Outlook report released on Wednesday by Bright MLS, affordability will remain the biggest challenge
October Saw New-Home Sales Fall More Than Expected
Despite being buoyed by a persistent shortage of previously owned properties on the market, high mortgage rates and reduced affordability saw sales of new U.S. single-family homes fall during October
Economics
Metros Where Inflation Spiked the Least and Most
The Consumer Price Index reported a 5.4% increase in prices paid for by consumers for goods and services during the 12-month period ending July…
Market Data + Trends
New Federal Reserve Study Seeks Answers for Housing Inventory Decline
A new study by the Federal Reserve sought to discover how much the drop in inventory contributed to rising home prices. The Fed analyzed data from…
Economics
Two Possibilities for Inflation and Potential Impacts on Home Prices
Predictions for the future of inflation and housing prices are split into two camps: transitory and persistent. Consumers and firms are worried…
Market Data + Trends
Zillow Predicts Price Increases Through Summer 2022
Though recent reports say there’s a cooldown happening for the housing market, Zillow predicts home prices will not start to slow until summer…
Economics
NAR Reports Home Price Increases in All Tracked Metros Except One
In nearly all of the 183 metros tracked by the National Association of Realtors (NAR), median home prices have increased more than 10% compared to…
Building Materials
Lumber Executive Says Lower Prices Have Rekindled Building Interest
Kyle Little, COO of New York-based lumber distributor Sherwood Lumber, says current lumber prices have welcomed more construction projects,…
Affordability
Zillow Predicts Affordability Issues for Renters by End of 2021
If current rent and income growth trends continue, Zillow says some of the most affordable metros will become the least affordable and many…
Market Data + Trends
Housing Market Pushes Buyers to Rentals, Intensifying Demand
Intense demand, bidding wars, fast-rising prices—the rental market is beginning to look a lot like the for-sale market. Demand in the rental…
Economics
3 Early Signs the Housing Market Could Normalize Soon
For the first time in five months, home prices fell. It’s also the first time home prices did not break a record, and other metrics point toward…
Market Data + Trends
Forbearance Exits Expected to Add Inventory
A wave of inventory could come soon as hundreds of thousands of homeowners are expected to exit forbearance, with a significant share likely to…
