Twin Market Dynamics Continue to Stifle Existing-Home Sales
By
Odeta Kushi on June 14, 2024
The housing market is struggling to gain momentum with mortgage rates above their levels from a year ago. Higher rates have a dual impact on sales – pricing out buyers who lose purchasing power and keeping some potential sellers rate-locked in. Our Existing-Home Sales Outlook Report ‘nowcasts’ existing-home sales based on the historical ...
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More Homes for Sale Sparks Uptick in Housing Market Activity
By
Odeta Kushi on May 20, 2024
In the housing market, the seller and the buyer are, in many cases, the same. To buy a new home, you must sell the home you already own. For several years, a persistent and historic lack of supply has restrained the housing market, but a recent uptick in inventory is poised to boost sales activity as the spring home-buying season peaks. Our ...
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Sales Activity Driven by the Five Ds Amid Persistent Market Headwinds
By
Odeta Kushi on April 10, 2024
Our Existing-Home Sales Outlook Report ‘nowcasts’ existing-home sales based on the historical relationship between sales, demographic trends, house-buying power, and the prevailing financial and economic conditions. Based on our nowcast, we expect March existing-home sales to rise 1.7 percent compared with February, but remain approximately 16 ...
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Interest Rates Federal Reserve Mortgage Rates Existing-Home Sales