Analysis and Data
NBER working paper estimates that every percentage-point increase in remote work causes a 0.93% increase in house prices.
Gross rental yields dropped in 72% of the counties surveyed.
According to the survey, prospective buyers cited the economy, inflation and a continued rise in housing prices as the reasons that they changed their minds.
Despite rising home prices, demand for housing units outstrips supply.
Freddie Mac officials say the volatility is causing purchase demand to wane.
Higher home prices and sharply higher mortgage rates have reduced buyer activity.
Home sales and mortgage originations are predicted to drop.
Zillow sees signs that a rebalancing could be around the corner, but for now the market is moving at record speed.
Townhouses were more likely to receive multiple bids.
People spent $2.8 trillion on homes last year, setting an all-time high.