Despite expectations of a surge in homebuying activity, the market has remained relatively stagnant. Several factors contribute to this muted response, including economic uncertainty, rising home prices, and the lingering lock-in effect. .
Home Buyers on the Fence: Low Rates, High Hesitation Read More »
Soaring home prices and high mortgage rates keep the brakes on homeownership dreams in 2024. A potential Fed rate cut offers limited hope, as locked-in sellers restrict inventory growth. The housing market’s future depends on the Fed, economic data, and inventory levels, with a quick and significant affordability improvement unlikely.
Will a Fed Rate Cut Save the Housing Market? Read More »
Explore the recent trends in the U.S. housing market, focusing on the Federal Housing Finance Agency House Price Index (HPI). Examine the factors driving the continued rise in home prices despite elevated mortgage rates, including the imbalance between supply and demand.
House Prices Rise Despite High Mortgage Rates Read More »
Veros’ forecast predicts the national unemployment rate to rise to 4.4% by end of 2024, reflecting a gradual cooling down of the labor market. The Stats: Jobs Up, Unemployment Up SlightlyLooking back, unemployment hovered between 3.4% and 3.9% from February
Unemployment Rate Outlook for 2024 Predicts a Gradual Cooling Read More »
A higher-than-expected unemployment rate of 4.3% for July has ignited concerns about a potential recession. This figure triggered the Sahm rule, a metric developed by former Federal Reserve economist Claudia Sahm to signal the early stages of an economic downturn.
What is the Sahm Rule? What Does it Mean for the Housing Market? Read More »
Inflation remains stubbornly high, putting pressure on the Federal Reserve. Learn about the latest inflation trends and the potential for interest rate cuts.
2024 Inflation Outlook Anticipates Stubborn Inflation Read More »
Despite rising mortgage rates and home prices, strong job markets and low inventory are fueling continued home price increases, especially in the Northeast cities.
Buyers Head to the Northeast as Rates Climb Read More »
Unemployment dipped in March 2024, indicating that the labor market has remained resilient despite the Fed rate hikes.
Robust Jobs Data Dampens Expectations for Fed Rate Cuts Read More »
March 2024 saw a 3.5% rise in consumer prices, exceeding expectations and fueling discussions on the Federal Reserve’s interest rate policy.
March 2024 Sees Increase in Inflation, Suggesting Continuation of Rate Holds Read More »
After the December 2023 meeting, many investors and analysts had predicted six rate cuts and rapidly declining mortgage rates that would not only ease supply but bring back many homebuyers to the market and that housing affordability would improve. Many had anticipated a rate cut as early as March 2024. After the Fed’s January 2024 meeting, the odds of a March rate cut have declined significantly due to data showing continuing strength in the U.S. economy.
Inflation, Mortgage Rates, and the Lock-in Effect Read More »
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