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How Recent Natural Disasters Challenged the Housing Market

Realtor.com's Senior Economist George Ratiu spoke in this video spotlight about a variety of economic numbers reported last week.

He said while single-family permits and starts remained on an upward trend, wildfires, hurricanes, and the Labor Day holiday "added to market challenges."

He touched on the pace of new construction and more.

Ratiu also addressed the Federal Reserve’s latest announcement about its monetary policy actions.

George also discusses Realtor.com’s Housing Recovery Index, along with the Weekly Housing data, highlighting fast-shrinking inventory and steeply rising prices. He mentions that while Freddie Mac mortgage rates remained low, applications declined, as buyers stepped back from both purchase and refinancing activity.

About Author: Christina Hughes Babb

Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others.
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