The market potential for existing-home sales in April declined 3 percent compared with last month, falling to 5.74 million at a seasonally adjusted annualized rate (SAAR). Housing market potential is down 8.1 percent, compared with the roaring housing ... Read More›
Recent Posts by Mark Fleming

Will Higher Mortgage Rates Bring Normalcy To The Housing Market?
How Do Rapidly Rising Mortgage Rates Impact Affordability?
In February 2022, the Real House Price Index (RHPI) jumped up by nearly 31 percent. That’s the fastest growth in the more than 30-year history of the series. This rapid annual decline in affordability was driven by two fa... Read More›
Why The 2022 Housing Market Is Very 2019
Since the start of the global pandemic in March 2020, we have weathered unprecedented pandemic-induced changes and the housing market has been no exception. The typically hot spring home-buying season in 2020 was initially frozen by the pandemic’s impa... Read More›
Is Affordability Worse Than The 2006 Housing Boom Peak?
In the first report with 2022 data, the Real House Price Index (RHPI) jumped up by nearly 27 percent, the fastest growth in the RHPI since 2004. This rapid... Read More›
What Is Driving Housing Market Potential As The Spring Home-buying Season Begins?
Following nearly two years of a soaring housing market, the 2022 spring home-buying season will be watched closely for signs that more balance may be returning to the housing market. Our Potential Home Sales Model estimates the expected level of existi... Read More›
Will Rising Rates Bring Balance To The Housing Market?
In December 2021, the Real House Price Index (RHPI) increased 21.7 percent compared wit... Read More›