Uncertain Mortgage Rate Outlook Clouds Affordability Heading into 2025

First American Chief Economist Mark Fleming shares the September 2024 Real House Price Index, explaining how the outlook for house prices varies by geography.

So, Where Does the Existing-Home Market Go from Here?
First American - October 17, 2024

“For the housing market to regain momentum, it will take both a significant increase in the number of homes on the market and continued affordability improvements.”

https://blog.firstam.com/economics/so-where-does-the-existing-home-market-go-from-here-the-good-the-bad-and-the-likely

#RealEstate #FirstAmerican
via @odetak @REfeeds @realestate

So, Where Does the Existing-Home Market Go from Here? The Good, The Bad, and the Likely

First American Deputy Chief Economist Odeta Kushi shares the latest Existing-Homes Sales Outlook Report. Find out what's motivating homeowners to sell and the projected trends for September 2024.

Did Falling Mortgage Rates Prevent a Housing Recession?
First American - September 12, 2024

“While the housing market flirted with a recession in May and June, it didn’t fully commit, and July is already showing signs of a comeback.”

https://blog.firstam.com/economics/did-falling-mortgage-rates-prevent-a-housing-recession

#RealEstate #Economy #FirstAmerican
@odetak

Did Falling Mortgage Rates Prevent a Housing Recession?

First American Deputy Chief Economist Odeta Kushi examines how May and June data signaled that housing was flirting with a recession.

The Tale of Two Markets Continues…For Now
First American - July 19

“Even with more existing-home inventory on the market than last year, today’s potential home buyers face one of the least affordable markets in history due to record-high and still-rising home prices and elevated mortgage rates.”

https://blog.firstam.com/economics/the-tale-of-two-markets-continues-for-now

#RealEstate #CRE #Multifamily #FirstAmerican
@odetak

The Tale of Two Markets Continues…For Now

First American Deputy Chief Economist Odeta Kushi shares the latest Existing-Homes Sales Outlook Report. Find out what's motivating homeowners to sell and the projected trends for June 2024.

The Tale of Two Markets Continues…For Now
First American - July 19, 2024

“Even with more existing-home inventory on the market than last year, today’s potential home buyers face one of the least affordable markets in history due to record-high and still-rising home prices and elevated mortgage rates.”

https://blog.firstam.com/economics/the-tale-of-two-markets-continues-for-now

#FirstAmerican #RealEstate #CRE
@odetak

The Tale of Two Markets Continues…For Now

First American Deputy Chief Economist Odeta Kushi shares the latest Existing-Homes Sales Outlook Report. Find out what's motivating homeowners to sell and the projected trends for June 2024.

For Potential First-Time Home Buyers, it May Be Memphis or Bust

First American Deputy Chief Economist Odeta Kushi shares the latest First-Time Home Buyer Outlook Report. While housing affordability is low for prospective buyers, slowing price appreciation and lower mortgage rates could help.

Measuring the Foreclosure Risk in Commercial Real Estate Assets
First American - March 18

“Illiquidity and insolvency present different challenges for operators. Each ‘trigger’ is necessary, but insufficient on its own to force foreclosure and it’s worth bearing this distinction in mind.”

https://blog.firstam.com/cre-insights/measuring-the-foreclosure-risk-in-commercial-real-estate-assets

#RealEstate #CRE #Multifamily #FirstAmerican
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@REfeeds

Measuring the Foreclosure Risk in Commercial Real Estate Assets

First American Senior Commercial Real Estate Economist, Xander Snyder, examines examines two types of CRE distress, how they’re different, and the unique implications of each.

House Prices Reach a New Peak, But Not Everywhere

First American Chief Economist Mark Fleming shares his proprietary Real House Price Index, explaining how the outlook for house prices varies by geography.

Home Affordability in 2023 Tanked to Lowest Level in 40 Years
Yahoo Finance - January 4, 2024

“The plunge in affordability was due in part to the shortage of listings, which fell 21% in 2023 — but also resulted from elevated home prices and climbing mortgage rates.”

https://finance.yahoo.com/news/home-affordability-in-2023-tanked-to-lowest-level-in-40-years-230034360.html

#RealEstate #Redfin #YahooFinance #FirstAmerican
@[email protected] @realestate
@odetak

Home affordability in 2023 tanked to lowest level in 40 years

Just 15.5% of homes for sale last year were affordable for the typical US household.

Yahoo Finance

Where Will the Housing Market Settle in 2024? 5 Experts Make Bold Prediction
Yahoo Finance - January 5, 2024

“While single-family housing starts have steadily increased throughout 2023, it will take years of accelerated new home construction to narrow the supply shortage gap from more than a decade of underbuilding.”

https://finance.yahoo.com/news/where-housing-market-settle-2024-140059022.html

#RealEstate #Mortgage #YahooFinance #FreddieMac #FirstAmerican #Redfin
@[email protected] @realestate
@odetak

Where Will the Housing Market Settle in 2024? 5 Experts Make Bold Prediction

Mortgage rates began dropping steadily in the last months of 2023, down to 6.61% for a 30-year, fixed-rate loan in the last days of the year, according to...

Yahoo Finance