Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. If this scenario unfolds, analysts and executives will be ready to update their…

Weekly housing inventory data — both active inventory and new listings  — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. Although I expect some of the weekly data…

As first-time homebuyers contemplate their housing options, the financial calculus between renting and owning is essential. Against the backdrop of elevated mortgage rates and soaring home prices, discerning the evolving financial dynamics between renter-friendly and buyer-friendly markets is also paramount.  A report released Tuesday by Realtor.com highlights a significant disparity in costs between buying and renting…

The U.S. as a whole only grew by about 1% last year, but other markets saw huge gains and massive losses. From New York City to Jackson, Mississippi, we analyzed the 100 largest metros in the nation and measured their home price growth from 2022 to 2023.

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. Last year at this time,…

Despite lower sales activity, home prices continued their upward trend in October, according to the S&P CoreLogic Case-Shiller Home Price Index. Real estate experts say the performance reflects limited inventory in the country, a problem expected to continue in 2024.  The data released on Tuesday shows that home prices in all nine U.S. census divisions posted…

U.S. house prices increased year over year in October, according to the Federal Housing Finance Agency (FHFA) House Price Index. However, the data shows it slowed down compared to the previous month. In fact, home prices climbed 6.3% from October 2022 to October 2023, compared to 5.5% year over year in September, according to the FHFA HPI released on Tuesday. …

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going…

A “reset” could be coming to the housing market in 2024. As mortgage rates fall, inventory rises, and consumer wealth begins to grow, more and more renters are in the […]

What will the housing market look like for real estate investors in 2024? Will the much-predicted recession finally hit the U.S. economy? Will interest rates come tumbling down as a […]

The landscape of real estate is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors.  1. Technology 2024: Proptech challenges and profitability pursuit The proptech sector, a technological cornerstone of the real estate space heavily reliant on venture capital, has encountered formidable challenges in the…

A recession isn’t off the table for 2024, so you’ll need to know how to prepare for a recession and profit if the economy starts to slide. If your real […]