Forecast
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July 20, 2022
Quarterly Forecast: Market Slowdown will Continue as High Rates and Prices Exacerbate Affordability Challenges
Rising mortgage rates and house price appreciation will continue driving a slowdown in the single-family purchase market. Homebuyer demand will moderate, rebalancing from the hot housing market of the last two years to a more normal pace of activity. More
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April 18, 2022
Quarterly Forecast: The Purchase Market Will Remain Solid Even as Mortgage Rates Rise
Rising rates will lead to moderation in homebuyer demand and house price appreciation. But overall, the housing market will remain a bright spot in the U.S. economy. More
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January 21, 2022
Quarterly Forecast: The Housing Market Expected to Remain Stable Despite Rising Rates and Cooling Price Growth
As the U.S. economy ended 2021 on firm ground, economic growth is expected to be slower in 2022 amid uncertainty and challenges resulting from the ongoing health crisis. More
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October 15, 2021
Quarterly Forecast: Strong Housing Market Expected to Persist Notwithstanding Rising Mortgage Rates and Continued High Home Prices
While the U.S economy has reached above its pre-pandemic peak with real GDP growth of over 6% annualized rate in the first two quarters of 2021, the economy still has space to grow. More
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July 15, 2021
Quarterly Forecast: Housing Market Expected to Remain Strong Despite Major Supply Shortage and Historically High House Prices Across the U.S. Slowing Sales
The latest employment report from the U.S. Labor Department showed that while the U.S. economy added 850,000 nonfarm payroll jobs in June, it is still down 6.8 million jobs from February 2020. Job openings have surged to a record high of 9.2 million, and as the economy continues to reopen, we expect the economy to continue to mend. Consensus forecasts put full year U.S. Real GDP growth over 6% in 2021, which would help to close the large gap between the current level of economic activity and potential output. More
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April 14, 2021
Quarterly Forecast: As the Economy Recovers, the Housing Market Remains Healthy While Mortgage Rates Move Up
Availability of the vaccine continues to improve, and COVID-19 restrictions are easing therefore sparking economic growth. With the passage of the American Rescue Plan Act of 2021, which included payments of up to $1,400 for individuals, $2,800 for married couples plus $1,400 for each dependent, consumer confidence in March reached the highest level since the start of the pandemic. More
