Ivy Zelman told CNBC that builders are pulling back as affordability tightens, and new NAHB and Census data confirm the slowdown—with single-family permits down 5.1% and completions down 8% in April.
A new RE/MAX report shows nearly 80% of prospective homeowners are willing to get creative and make adjustments to their homebuying plans to achieve homeownership in 2024.
A new Fannie Mae report offers a more bullish revision on their earlier forecast, with mortgage rates dipping below 6% in the fourth quarter of 2024.
A new Redfin report shows the U.S. asking rent dropped for the third consecutive month, falling 0.8% year over year in December 2024 to $1,964. By region, asking rents rose in the Midwest and Northeast; they fell in the West and South.
Fannie Mae has revised their outlook for the U.S. economy and housing market. Their December report predicts an economic deceleration in 2024, along with a slow recovery for home sales and mortgage originations.
Fannie Mae’s ESR Group published its August 2023 commentary on recent economic data and its likely impact on the housing market. Data points to an eventual downturn, which they now expect in the first half of 2024, though a soft landing is possible.
Realtor.com® has issued its 2023 Forecast Update, showing a drop in mortgage rates to 6% by the end of the year, a slight decline in home prices, negative rent growth, and the total count for home sales hitting its lowest point since 2012.
A new StorageCafe report names the top 20 U.S. metros for real estate development—commercial, industrial, and residential—over the past decade. Fifteen of those 20 are in the Sun Belt, with Texas metros taking the top five spots, led by Houston.
According to a new Redfin report, asking rents across the U.S. are flattening as rental supply catches up with renter demand and vacancies rise. Continued rent increases in the Midwest and Northeast offset significant drops in Sun Belt metros.
n 2022, Fannie Mae multifamily financing provided over $69 billion in continued support for affordable multifamily housing and other market segments, expanding access to affordable housing throughout the U.S.
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