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
Majority of Buyers Face Bidding Wars in May, June
With a small number of homes up for grabs and historically low mortgage rates, more than half of homebuyers have found themselves in bidding wars…
Mortgage Purchasing Hits 10-Year High
In the week ending July 3, mortgage purchasing levels on a seasonally adjusted basis marked the highest level since January 2009, according to…
Home Prices Predicted to Decrease By 2021
Although home prices have appreciated steadily, price drops may be in the near future. The May Home Price Index and HPI Forecast conducted by…
West, Northeast Regions Lead Housing Market Recovery
In July, homebuyer interest grew as the housing supply continued to thin out, with the West and Northeast regions leading recovery. The Realtor.…
Construction Hiring Hits Record-Breaking Numbers
Construction sector hiring saw record-breaking numbers in May, according to NAHB. The U.S. Bureau of Labor Statistics' Job Openings and Labor…
Consumers Are More Optimistic About Homebuying
In June, renters were especially positive about homebuying compared to May. CNBC reports that an index measuring consumer sentiment in the housing…
Interest-Only Loans Risky for Most Homebuyers
Some experts say that although interest-only loans may seem appealing to borrowers, there is only a small percentage of homebuyers that could use…
Will Decline in Foreign Homebuying Bring Relief to Domestic Buyers?
International buyers scooped up homes regularly in coastal markets such as California and Florida, but the pandemic may put a serious pause on the…
Economics
Surprise Jobs Rebound Could Trigger Recovery
Could home building construction lead the economic recovery? / Home starts increase in towns and rural markets compared with big cities
Rethinking Housing to Rebuild America's Post-Pandemic Economy
The home and neighborhood a child lives in becomes a crucial part of their development. Emotional and behavioral problems are linked to poor…
