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
Market Data + Trends
After Extreme Volatility in 2022, Housing Experts Are Split on Where the Market Goes Next
Economists at Zillow and Moody's Analytics are forecasting two very different paths for the housing market in 2023
Housing Markets
Amid Tech Layoffs and Falling Inventory, the Bay Area Housing Market Is Losing Buyers
Homebuyer demand is falling in San Francisco after the Bay Area housing market recorded its slowest start to a new year in more than a decade
Financing
Why a Sudden Uptick in Mortgage Demand May Be Short-Lived
A series of recent bank closures led to a dip in the 30-year, fixed-rate mortgage, but housing experts warn more gains are ahead
Builders
Home Builders Remain Optimistic Despite Market Headwinds
Buyers are retreating as mortgage rates rise, but home builders are looking ahead to strong growth in the new-home market in 2023
Financials
How the Silicon Valley Bank Failure Could Affect the Housing Market
The collapse of Silicon Valley Bank last Friday led to two other bank closings that rattled the tech industry and the cryptocurrency market. Could panic in the financial markets affect the real estate sector?
Affordability
Will Home Prices Bottom Out in 2023?
Soaring mortgage rates are forcing sellers to lower their asking prices in order to attract budget-conscious buyers, and with more rate hikes on the horizon, home prices are falling quickly
New-Construction Projects
Contractor Confidence Remains High Despite Falling Backlog
Contractors are looking ahead to strong growth in 2023, but rising borrowing costs could lead to a more significant drop in homebuyer demand
Housing Markets
Is the Phoenix Housing Bubble About to Pop?
After soaring to new heights throughout the COVID-19 pandemic, the Phoenix housing market is slowing to a halt, and that sudden drop-off has some market experts fearful of a 2023 crash
Economics
Mortgage Rates Are Falling—Does That Mean the Housing Market Is Weakening?
As inflation shows signs of cooling, mortgage rates are falling, but experts say it may be too soon to call it a recession
Builders
Does Rebounding Home Builder Confidence Signal an Upcoming Economic Growth Cycle?
Despite falling demand from priced out buyers, home builders remain optimistic about the year ahead, and experts say that rising sentiment may point toward a breakout year for a recovering economy
