In this article It’s a story that’s echoed across social media platforms from rental property owners across the nation: Vacation rentals are no longer generating the steady revenue investors grew to expect during the pandemic. The era of #Airbnbust has taken... Read More

In this article The mixture of (relatively) high interest rates and economic volatility with the fact most homeowners have fixed, low-interest rate debt had induced what real estate economist Bill McBride refers to as the “sellers strike.” As should be expected on the heels of... Read More

In this article 2023 will be tougher for the housing market, but not the worst, according to the National Association of Realtors (NAR). The Annual Real Estate Forecast Summit, organized by the NAR, delivered its verdict on 2023 late last year. The prognosis, put... Read More

In this article The average renter’s income is stretched thin from inflation, and more than 40% of renters are considered cost-burdened because they’re spending 30% of their income or more on housing costs. People are looking to trim their budgets in any way... Read More

In this article It’s finally over! The crazy, unpredictable, and just plain weird housing market of 2022 has ended. Though analysts like me will likely be studying the 2022 housing market for years to come, we can finally take a quick... Read More

In this article Back in March and again in August, I noted that “We are undoubtedly reaching the limits of affordability for Americans,” which should “cool the real estate market” and likely “cause a correction” but without the unpleasantness of a crash.  This, in my... Read More

In this article If you read anything about the housing market during the pandemic, you will remember a few metro areas that became the fastest-growing hotspots. Now, according to a recent report by Redfin, these same metro areas are the fastest-cooling ones.... Read More

In this article Most economists agree: Housing prices are expected to fall, nearing a bottom sometime between 2024 and 2025 before rebounding. That’s the opinion of analysts at Goldman Sachs, Wells Fargo, Moody’s Analytics, Capital Economics, The National Association of Home Builders, KPMG, and Fitch Ratings. But some... Read More

In this article With mortgage rates topping 7% and home prices remaining elevated, Americans are less confident than they’ve ever been about their home-buying prospects. According to Fannie Mae, only 16% of consumers believe it’s a good time to buy. While affordability remains... Read More

In this article Throughout 2022, mortgage rates have more than doubled, sending affordability and demand in the housing market down sharply. With lower demand, lower prices often follow, which is why we’re in the midst of a housing market correction. I... Read More