The landscape of the U.S. housing market has become more difficult both for buyers and sellers as a result of higher mortgage rates. When the 30-year fixed rate climbed above 7% in October for the first time in two decades, it became a clear sign that home affordability was slipping away from many buyers. One […]
Home affordability in the United States has become unattainable for large segments of the population in 2022 thanks to high mortgage rates, inflation, housing scarcity and prices that were driven up by the historically low home loan rates seen during the first two years of the COVID-19 pandemic. The housing market this year has been […]
The climate of high mortgage rates in the United States has left both home buyers and home sellers in different kinds of binds in 2022. Buyers face massive down payments and surging monthly mortgage costs, while sellers are pinched by a more tentative marketplace with dampened demand. Even with mortgage rates climbing above 7% — […]
The U.S. housing market has entered territory not seen since the turn of the century, with the 30-year mortgage rates pushing up to 7.16% this week. The last time it crossed that plane was 2001. For months, the Fed has been hiking interest rates in an effort to curb inflation, including the soaring home prices […]
As the clean-up effort for Hurricane Ian continues in Florida, the state’s real estate market faces difficult consequences from the impact of the storm and the threat of others to come. The financial toll of Ian is beginning to come into focus, with an estimate of between $53 billion and $74 billion in privately insured […]
The cooldown of the U.S. housing market has been evident for several months now, a trend driven by rising mortgage rates that have moderately slowed demand for homes in many parts of the country. Throughout the COVID-19 pandemic, the Florida real estate market has often been held up as a clear case of overinflated prices. […]
Julio Gonzalez and Philip Nicozisis are hosting a private reception in West Palm tomorrow evening (Sept. 21) in support of Sigal Chattah for Nevada Attorney General. I’m looking forward to attending and making a donation to help Sigal move closer to victory on November 8, 2022. Sigal has dedicated her life to the pursuit of […]
The much-discussed “correction” of the U.S. housing market is becoming more evident with each passing month. The question is no longer when it will come, but how steep the declines will be in residential markets across the country. The latest quarterly assessment home prices conducted by Moody’s Analytics found that 210 U.S. housing markets could […]
Tight monetary policy to contain inflation in the United States has dampened the red-housing market seen in 2020-2021, when historically low mortgage and home scarcity collided with a surge in buyer demand. With higher mortgage rates now in the area of 5.5%-6% for a 30-year fixed rate mortgage, demand has cooled off significantly in 2022 […]
Watching the appreciation of home prices during the first two years of the COVID-19 pandemic sometimes left the impression that “down” was no longer a direction the U.S. housing market could go. Double-digit increases in median home values were buoyed by low home supply and heavy demand from buyers incentivized by low mortgage rates. But […]
