Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
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
Housing Market’s Contribution to GDP Highest in 13 Years
The current market’s historically low interest rates, housing shortage, and revived interest on the importance of the home have proven that…
Median Home Prices Hit Record High in July
July became another month of record breaking numbers for the housing industry as median home prices shot up to a new all-time high. Home prices…
First-Time Buyers May Pull Back as FHA Rates Rise, Mortgage Demand Drops Slightly
Mortgage interest rates remain historically low, and demand remains high, but slight dips in mortgage applications to purchase a home may show a…
Homeownership Rates Hit Highest Level Since 2008
Homeownership rates are now 67.9%—the highest rate since 2008 and the largest year-over-year increase ever. Last year, homeownership was at 64.1…
Is a Foreclosure Crisis on the Horizon?
When unemployment spiked, the Federal Housing Finance Agency put forth measures such as yearlong mortgage forbearance and a moratorium on…
How Low Can Mortgage Rates Go?
Just a few weeks ago, mortgage rates broke records by dropping just under 3%. Now at 2.87%, the average rate for the 30-year fixed is continuing…
New Home Sales Increase 14% from May to June
New home sales in June towered over the previous month’s numbers, with a 14% gain compared to May. The estimated new home sales last month were at…
Leadership
Lennon, Lincoln, and Leadership
Strange days indeed. A reflection on U.S. history, leadership, and the unprecedented challenges we face today
Prospective Buyers Are More Positive About Finding a Home
Homebuyer predictions for housing availability have improved slightly compared to last year. In the second quarter of 2020, 63% of prospective…
Housing Demand Pushes Asking Prices Up 13%
Home sellers have been setting higher prices, but buyers seem to have no issue with it. Housing supply was down 28% in the four-week period ending…
