In general, while the COVID-19 pandemic crisis brought negative effects to most economic sectors, it facilitated the increase of housing prices in most U.S. counties. The housing market, however, did not boom equally. There were indeed some counties where housing prices decreased. Table 3 ...
Prior to the rise of remote work during the COVID-19 pandemic and the surge of desire for more living space in suburbs and in smaller towns, theU.S. housing marketwas reasonably balanced. In the early days of 2020, thanks to a 30-year, fixed-rate mortgage rate of 3.6%, a...
Affordability is expected to improve a bit in the year ahead, according to theRealtor.com® 2024 forecast. At the very least, our economists don't anticipate the market getting any more painful for buyers who have been grappling with the worst affordability challenges since the early 1980s. ...
Housing conditions can increase health risks for people who use opioids (PWUO). Little research documents the influence of housing on PWUO’s ability to practice disease prevention methods. This study examines associations between housing status of PWUO in NYC and their ability to practice COVID-...
Since 2022, demand has gone up during the summer and down during the winter (rinse and repeat). We could see demand increase in 2025, though, if interest rates continue falling. With the right agent, taking on the housing market can be easy. Buy or sell your home with an agent the...
Almost exactly four months ago, the U.S. declared a national emergency because of COVID-19. So, I thought that now would be a good time to take a look at how the U.S. housing market has fared over the past 16 weeks and also let you know what you might expect to see as we ...
“I don’t expect to see a meaningful increase in the supply of existing homes for sale until mortgage rates are back down in the low 5% range, so probably not in 2024,” says Rick Sharga, founder and CEO of CJ Patrick Company, a market intelligence and business advisory firm...
The national housing market has experienced quite a bit of turbulence over the past year; despite initial forecasts that sales would plunge due to the
A total of 31 second-tier cities saw a month-on-month increase of 0.1 percent in new home prices, while 35 third-tier cities witnessed a month-on-month decline of 0.2 percent in new home prices last month. Prices in second-hand home market in the four first-tier cities picked up 0.1...
Jaffer, who also covers Silicon Valley to the south, says those communities, which offered larger lot sizes and less density during the COVID-19 pandemic, have tended to hold their values better than more urban-oriented neighborhoods in the city of San Francisco. In the rental mark...