Analysis and Data
Number of first-time home buyers continues to drop; buyers getting older
Lone Star LO analysis shows Texas was the toughest state for mortgage closings in 2022
Consumer house-buying power decreases amidst rising rates, uncertain outlook.
Powell emphasizes cautious approach to inflation management, despite robust economic indicators.
Buyers cautious amidst high mortgage rates and limited inventory; Redfin reports year's highest sales yet 15.7% below 2022 numbers.
As the housing market grapples with high rates and scarce supply, Sam Khater, Freddie Mac's chief economist, warns of a potentially prolonged uphill journey.
Homebuyer on a $3,000 monthly budget lost $71k in purchasing power since August 2022, Redfin reports
While short-term stability persists, Atlanta Fed's index shows a downward trend, raising concerns as housing affordability dips below 2006 levels.
New single-family home sales defy housing market trends in July 2023.
Fannie Mae's ESR Group foresees challenges in the housing market regardless of the economy's trajectory, with mortgage rates and inflation playing pivotal roles.