High home prices and elevated mortgage rates have taken a toll on consumer perceptions of the housing market. In January, the Fannie Mae Home Purchase Sentiment Index (HPSI) rose for the third consecutive month but fell 10.2 points year-over-year.
On February 1, the Federal Reserve announced a 25 basis-point rate hike. Here’s what Lawrence Yun says it means for the housing market.
Byron Lazine and Tom Toole discuss housing inventory dipping below 1M again, purchase applications increasing by 25%, U.S GDP rising 2.9% in Q4 2022, the rise in housing affordability and sentiment, and how inflation has derailed millennial home buying plans.
Redfin reports signs of a housing market recovery after a trough in the second week of November 2022. Economists say recovery has begun, with homebuyers returning to the market—but sellers have been slower to jump back in.
On January 26, 2023, the Biden-Harris Administration announced a Renters Bill of Rights, outlining actions to protect renters and promote rental affordability.
In a recent BAM Webinar, KCM President David Childers joined Byron Lazine to unpack the 2023 real estate market. Here are the key takeaways and talking points for agents.
California Regional MLS, REcolorado and Bright MLS have combined forces to create Nestfully, which is set to launch in Q1 2023. The portal is designed to provide listing data for the consumer, and will give leads to brokerages for free.
KCM President David Childers will provide you with a clear understanding of the 2023 real estate market in the BAM webinar, scheduled for January 24, 2023.
The Fannie Mae forecast, published on January 20, 2023, lays out the findings and predictions of the Economic & Strategic Research Group (ESR), including an upward revision for 2022 GDP growth and a downward revision for 2023 home price growth.
Zillow reports the U.S. housing market is closer to “normal,” with lower mortgage rates, inventory still less than ideal but more in line with seasonal expectations, and time on market higher than a year ago but lower than pre-pandemic norms.
Researchers at Capital Economics have shared their predictions on the 2023 housing market, pointing to signs we may be close to a trough, with recent improvements in affordability. But further declines in home prices are needed—if not guaranteed.
A new Redfin report shows rent growth slowing for the seventh consecutive month in December 2022. The median asking rent rose only 4.8% year-over-year, the smallest increase since July 2021.
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