Forecast & Outlook
-
Outlook | July 24, 2023
Economic, Housing and Mortgage Market Outlook – July 2023 | Spotlight: Rate Lock-In Effect
The U.S. economy grew at its long-run average rate of 2% during the first quarter of 2023 and the labor market remains strong with an unemployment rate below 4%. The housing market has been impacted by high rates with millions of U.S. homeowners locked into previously low mortgage rates and content to remain in their current homes, helping to keep inventory low. More
-
Outlook | June 16, 2023
Economic, Housing and Mortgage Market Outlook – June 2023 | Spotlight: Homeownership Rates
The U.S. economy is stalling as higher interest rates weigh on interest rate-sensitive sectors like housing. But the U.S. consumer has been resilient, and the broader economy has weathered several adverse shocks over the past year and a half, avoiding a recession so far. More
-
Outlook | May 22, 2023
Economic, Housing and Mortgage Market Outlook – May 2023 | Spotlight: Inflation
Recent data suggest the glass is more than half full: a growing economy, a strong labor market, and relatively resilient first-time homebuyer demand despite poor affordability. In this write-up, we summarize key recent developments, then provide our opinion on the outlook as well as a breakdown on the topic of inflation. More
-
Forecast | October 21, 2022
Quarterly Forecast: Rapidly Rising Rates & Declining Demand Driving a Housing Market Slowdown
Mortgage interest rates have increased at the fastest rate since the early 1980s. The increase in rates has been driven by a general increase in interest rates throughout the economy, which in turn have been primarily driven by inflation. More
-
Forecast | 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
-
Forecast | 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
