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In this short article, we look at three different consumer mortgage metrics when comparing the economic conditions today to the Great Recession over a decade ago.
Mortgage Metrics Today Versus the Great Recession Read More »
So, we asked ChatGPT: Which metros witnessed the most iBuyers purchases in 2022? Here’s ChatGPT’s surprising response…
ChatGPT on iBuyer performance in 2022 Read More »
Housing market forecasts for 2023 have varied predictions, with some expecting gains of around 5% to others expecting a deterioration of over 5%. What is clear is that the era of low mortgage rates, buying frenzy, and double-digit price growths is over.
It was one of the fastest growing markets in 2021 and is now expected to be one of the worst performers in 2023.
Home prices in Boise, Idaho rose rapidly after the pandemic hit, climbing 38.6% y-o-y from Q2 2020 to Q2 2021.
The rise and fall of the Boise housing market Read More »
As 2022 winds down and we enter 2023, there are many predictions going around with respect to what will happen to the housing market in the next year. Here is a recap of 2022 and what we can expect going forward.
Housing Market Indicators – 2022 Trends and Outlook Read More »
Some are predicting prices to depreciate by 20%, while others are forecasting smaller declines, and few are calling for an increase in prices. The low inventory that is available for sale is what is preventing house prices from a steep decline. Higher mortgage rates have impacted demand, but have also frozen up supply.
Where is the housing market headed in 2023? Read More »
The real estate market is rebalancing as supply and demand are adjusting to the higher mortgage rate environment. An increasing number of prospective homebuyers have found that their dream homes have been pulled out of reach as mortgage rates climb…
The real estate market is rebalancing as supply and demand are adjusting to the higher mortgage rate environment. An increasing number of prospective homebuyers have found that their dream homes have been pulled out of reach as mortgage rates climb…
Buy now or later? A prospective homebuyers’ dilemma Read More »
One of the mortgage industry’s biggest challenges is identifying and preventing potential racial bias in the home valuation process. This report analyzes home valuation data in minority communities in the following cities: Chicago, Atlanta, Houston, Los Angeles, Philadelphia
Veros Economists find no evidence of racial bias in its AVM Read More »
The housing market cool-off started as mortgage rates started to climb at the beginning of 2022. The 30-year fixed mortgage rate is now close to 7%, a level last seen in the early 2000s. Affordability constraints cooled down demand significantly, ending the housing market frenzy seen in 2020-21.
A look at the housing market cool-off beyond existing supply and demand Read More »
