Market Trends

Click through to read more of Robert Wyllie’s thoughts as an Assistant Professor of Political Science, and the thoughts of five other notably placed people on the current inflationary environment. p

With home sales having dropped sharply this past year, Fannie Mae experts discuss the impact of lowering mortgage rates and what factors drove purchase demand to increase. Here’s why the housing market is now "in a different phase of the economic and housing cycle.”

A new Zillow report forecasts Charlotte, North Carolina as 2023’s hottest market. Here’s what else their data reveals.

New York Governor Kathy Hochul lays out a plan to build 800,000 more homes over the next decade.

According to the Realtor.com Monthly Housing Trends Report for December, inventory closed out the year up by 55% but remains below historic levels.

Per an ATTOM report, foreclosure filings hit 324,237 in December 2022, up from 151,153 in December 2021. This pushed the foreclosure rate from 0.11% in December 2021 to 0.23% in December 2022.

Providing context, however, Redfin Economics Research Lead Chen Zhao observed that, “While [rents have] cooled significantly from their peak, it still costs the typical renter 20% more to take on a new lease than it did two years ago.”

The Department of Housing and Urban Development has announced a new process for homeowners to review their appraisals if they feel the results have been unfairly biased.

After increased housing demand drove home prices to historic highs, homeownership remained unattainable for many, with some homebuyers turning their attention toward more affordable options like condos.

Eric Fox, Chief Economist at Veros, commented, “This decrease to an average depreciation of -0.5% over the next 12 months is the first time in over a decade that Veros’ average house price forecast has gone negative."