Housing Market Headwinds May Not Signal A Bust
Tighter lending standards, strong equity, and a persistent supply shortage differentiate current cycle from the Great Recession
Tighter lending standards, strong equity, and a persistent supply shortage differentiate current cycle from the Great Recession
Real house prices decreased 3.4% on a month-over-month basis between July and August 2024.
Modest increase signals potential rebound amid regional variations.
Historical data shows that a relationship between prices and mortgage rates is not straightforward.