How 2023's Housing Market Conditions Are Affecting the 2024 Housing Market
Last year ended on an optimistic note, but persistent headwinds still exist to keep 2024 from getting the housing market back to pre-pandemic levels
Housing Affordability Becomes Debate Topic in 2024 Presidential Election
Presidential candidates are tackling affordability issues as home price-to-income ratio reaches record high
Mortgage Rate Declines Could Boost Home Sales Following Months of Low Activity
Encouraging economic news bumped mortgage applications up by 2.6% for the week ending May 3
Gen Z Feels Weight of US Debt Burden While Trying to Enter Housing Market
Current US debt has surpassed levels reached in the aftermath of World War II, with Gen Z bearing the brunt
Residential Building Wages Rise Again in March
Wage growth for residential building workers continued during March, but at a slower pace than during the previous month
Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
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…
Home Prices Predicted to Drop in Late 2020, 2021
Economists predict May 2021 to be the time for dropping home prices, a result of economic damage and concern over the government’s ability to…
Predicting the Future of Mortgage Trends in 2020
It can be difficult to foresee the future in such an uncertain time, but NerdWallet took a stab at predicting the rest of 2020's mortgage trends.…
Wall Street Giant Invests $300 Million in Single-Family Rentals
Leading global asset manager Brookfield Asset Management wants in on the booming housing market. To do so, the company bought a controlling stake…
Existing Home Sales Surged 21% in June
June experienced the highest existing homes sales surge to date, with sales up 21% compared to May, according to CNBC. The previous three months…
Will Lower Unemployment Benefits Impact the Housing Market?
The housing market’s recovery from the pandemic felt like a miracle, but it’s not over yet. Skyrocketing COVID-19 cases may lead to another…
