Analysis and Data
Continued population growth will act as sandbags protecting state’s economic activity
Prospective second-home buyers deterred by high costs, slowing short-term rental market
While year-over-year numbers are strong, monthly growth is minimal.
Redfin survey finds many residents prefer living in states with liberal abortion laws, yet economic factors dominate relocation decisions.
But expectations about household financial situation improve.
Decreased origination activity and ongoing inventory shortage cast shadows over an already challenging housing landscape.
Persistent high interest rates and scarce inventory lead to steep decline in affordability.
Suburban appeal, Millennial influence, and 30-year mortgages shape dynamic real estate market.
Affordability concerns grow as robust economy drives rates closer to 7%.
Mortgage payments on a typical home rise by 11.6% year-over-year.