Don’t Expect a Buyer’s Market until 2025 Without much support, other than cheap interest rates, the US housing market has soared for more than a decade, including the ultra rapid price rise in the last year. It’s made a few very wealthy and a lot of Realtors, home sellers, real ...
Today’s housing market is much different and looking at the entire picture, the stats tell a different story than what is being portrayed by the media. NAR Chief Economist Lawrence Yun chalks up the decline in sales to increasing mortgage interest rates, which are approaching the accepted histo...
Read More Weather Forecast Housing Are Home Prices Going to Rise? ByGord Collins June 18, 2023 Are Home Prices About to Rocket? Everyone is waiting for interest rates to fall. That’s because those rates are what’s stopping the housing market specifically. High rates harm a lot of in...
Realtor.com's forecast and housing market predictions on key trends that will shape the year ahead. Home prices, market trends and more as we look toward 2023.
National economic trends:A recession or significant rise in interest rates could dampen the housing market. Local job market:Continued job growth in Asheville could fuel buyer demand. Affordability:Housing affordability is a growing concern. If prices continue to rise, it could price out some potenti...
Byline: JOHN WILLIAMSWestern Mail (Cardiff, Wales)
Levine added, “Home prices will also moderate further over the next several months as interest rates remain elevated in the near term and seasonal factors come into play.” The baseline scenario of C.A.R.’s “2024 California Housing Market Forecast” sees an increase in existing single-famil...
Put your down payment savings in a high-yield account:One upside to inflation and the Fed’s many rate hikes: higher interest rates on savings accounts. If you aren’t already, put the money you’re saving toward a down payment into a high-yield account. Just make sure the account allo...
Fed’s rate hikes slowed the housing market. Home sales dropped sharply — buthome priceshit record levels. Because home values are not driven solely by interest rates but by a complicated mix of factors, it’s hard to predict exactly how the Fed’s efforts will affect the housing market....
the U.S. Treasury 10-year bond. If you’re trying to forecast what 30-year fixed-rate mortgage interest rates will do in the future, watch and understand the yield on the U.S. Treasury 10-year bond (or the five-year note) and follow what the market is saying about Fedmonetary ...