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.
What's happening to regional house prices, according to the latest Zillow data
Investors are notably stepping back from high-cost markets. Here's why
ResiClub Pro | A story of two housing markets
Lennar is ranked No. 119 on the Fortune 500
There's growing frustration in the housing industry, which has borne the brunt of Fed rate hikes.
National inventory is 43% below pre-pandemic levels, while Austin is 14% above pre-pandemic levels
