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
Economics
Pros and Cons of Buying a Home During a Recession
According to some housing experts, an economic recession may actually give budget-conscious homebuyers more leverage in the for-sale market
Market Data + Trends
This Economist Predicted the Housing Crunch of 2008—Here’s His Forecast for 2023
Economist Tom Lawler accurately predicted the housing bubble and bust of 2007 and 2008, and he's now looking ahead to big changes in 2023
Market Data + Trends
Bubble or No Bubble, the Housing Market Is Bracing for Big Changes in 2023
For the last two years, the housing market has been characterized by fast-rising home prices and surging interest rates, but today's homebuying conditions are far different from the real estate landscape preceding the Great Recession
Housing Policy + Finance
Is It Time for the Fed to Consider Pausing Rate Hikes?
More rate hikes are on the horizon, but falling rent growth may indicate that the days of peak inflation are already behind us
Affordability
Over 19 Million Renter Households Considered ‘Cost Burdened'
Over 19 million renters across the U.S. are burdened by rising housing costs and rampant inflation sending prices for consumer goods to new highs
Market Data + Trends
Is a Foreclosure Crisis Looming Ahead of 2023?
Foreclosures are on the rise across the U.S., but housing experts say it's not time to sound the warning sirens just yet
Market Data + Trends
Measures of Rent Growth, Core Inflation Are Easing in the Final Month of 2022
After posting strong gains in a red-hot mid-pandemic market, rent growth appears to be cooling at the close of 2022, and measures of inflation could follow closely behind
Economics
Smaller Rate Hikes Likely in December, Says Fed Chair Powell
The Fed is expected to reduce its interest rate increases to half of a percentage point in December, though tighter monetary policy will continue until inflation ebbs
Affordability
Mortgage Rates, Refinance Demand Post Consecutive Declines
Mortgage rates fell for the third straight week over the Thanksgiving holiday, but despite a glimmer of price relief for borrowers, refinance demand followed a similar trajectory
Market Data + Trends
Could Rising Inventory Overload an Off-Kilter Housing Market?
A flood of new listings at the start of 2023 could cause home prices to plunge, but the pace of an ongoing market correction will be determined by the Fed's revised monetary policy
