For the second year in a row, mortgage rate forecasters have missed—big
Distress in the real estate cycle presents opportunity for the largest owner of single-family rental homes
While institutional firms own 0.73% of the U.S. single-family stock, they own 4.4% in Atlanta
Goldman Sachs: the sharpest declines in housing activity and prices are now behind us
PulteGroup CEO Ryan Marshall: "our mortgage company and our balance sheet... it gives us an opportunity to do things [rate buydowns] that smaller and local builders can't"
To understand if these White House actions will actually help to increase housing supply, ResiClub reached out to economist Kevin Erdmann.
Ultra-low mortgage rates, which were available during the pandemic, now function as a golden handcuff
Where home prices are expected to go in the 400 largest housing markets, according to Zillow and Moody's Analytics
Morgan Stanley: “monthly payment on the median priced home up 27% year-over-year, +120% from mortgage rate lows ~2.5 years ago.”
“As an LO it puts me in a tricky position because clients have said ‘well I heard rates will be dropping so can't I just refi’ and my response has been.... maybe, but let's not count on it” says Jeremy Bare.
Housing affordability is so pressurized that there are fewer resale transactions occurring today than during the depths of the 2008 housing crash.
Many traditional housing metrics have struggled in this turbulent environment.
