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
Unexpected Increase in Housing Starts and Permits in October
The Midwest and West posted the strongest home building activity in October
Inflation May Be Falling, but Housing Costs Are Staying High
Cooling inflation lessens the likelihood that the Fed will continue increasing rates. But despite the slowdown, high housing costs persist
The Fed Hits Pause on Rate Hikes, but Borrowing Costs Remain High
The Federal Reserve is expected to pause rate hikes, but buyers will continue to feel the sting of elevated borrowing costs for months to come
What Will It Take to Resolve the Housing Affordability Crisis?
To get back on track, something—or things—got to give in a housing market bogged down by soaring interest rates, persistently high home prices, and a dearth of available homes
Financing
The Fed Hits Pause on Rate Hikes, but Borrowing Costs Remain High
The Federal Reserve is expected to pause rate hikes, but buyers will continue to feel the sting of elevated borrowing costs for months to come
Affordability
What Will It Take to Resolve the Housing Affordability Crisis?
To get back on track, something—or things—got to give in a housing market bogged down by soaring interest rates, persistently high home prices, and a dearth of available homes
Market Data + Trends
Could High Mortgage Rates Cause Home Prices to Drop in 2024?
Predicting the effects of rising mortgage rates on U.S. home prices in 2024
Housing Policy + Finance
Fannie Mae Warns of High Rates in 2024
The Federal Reserve's staunch monetary policy could keep interest rates high and continue to affect the U.S. economy into 2024
Economics
Pandemic Era Spurs 37% Jump in US Household Median Net Worth
The average American family saw a significant boost in household net worth during the pandemic due to government support and a rebounding economy
Financials
Housing Demand Could Rebound in 2024 as Mortgage Rates Ease
The Mortgage Bankers Association predicts lower mortgage rates could bring homebuyers back into the market in 2024
Market Data + Trends
Do Rising Foreclosures Pose a Threat to the US Housing Market?
Foreclosures notices are rising, but experts aren't worried about a subsequent housing bust
Housing Policy + Finance
Industry Leaders Warn of Economic Risks Caused by Soaring Mortgage Rates
Three industry giants recently addressed Federal Reserve Chairman Jerome Powell to warn of the adverse effects ongoing interest rate hikes could have on the housing market
Housing Policy + Finance
The Federal Reserve Tightens Its Grip on the US Housing Market
Mortgage rates just surpassed a 23-year high, and experts say more rate hikes are on the horizon
Affordability
What Will It Take to Normalize the Housing Market?
A combination of factors have created an affordability crisis one market expert says will be difficult to resolve
