Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall
According to Inman's 2025 economic outlook, a soft landing for the economy would mean home prices keep rising and mortgage rates settle in at around 6%, with sales varying widely by region
Rating agencies are keeping a close eye on whether politicians in the nation's polarized Capitol will rise to challenges including the $34.8T national debt, debt ceilings and inflation
With a soft landing seen as more likely, analysts say Fed can be more cautious about the pace of future rate cuts and mortgage rates aren't likely to fall below 6% anytime soon
New-home sales rose 9.8% YOY to a seasonally adjusted annual rate of 716K in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall
Buyer anxiety around prices and the election precipitated the fall as the National Association of Realtors' Pending Home Sales Index declined 5.5%, to 70.2, the lowest index reading in 23 years
Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds and MBSs that fund home loans
High mortgage rates, slower homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains
Housing starts rose 1.9% from September to reach a seasonally adjusted annual rate of 1.372M
Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue 'higher for longer' rate strategy to get inflation under control
New-home sales rose 4.4% in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the US Census Bureau
The Consumer Price Index increased 0.2% in July and rose 3.2% annually, according to data released Thursday by the Bureau of Labor Statistics that suggests inflation is still cooling
Monthly housing starts rose 12.2% in August to a seasonally adjusted rate of 1,575,000, according to US Census Bureau data released Tuesday. August 2022 levels fell 0.1% year over year
The slowing housing market has yet to significantly reduce costs for most Americans. But economists believe more rate hikes may be on the way
Privately owned housing starts dipped 0.7% in October while single-family housing starts dropped 3.9%, according to US Census Bureau residential construction data