housing market dynamics

Huge Number of Homeowners Hold Onto Favorable Mortgage Rates

April 18, 2024 | Reading Time: 6 Minutes Something profoundly unusual has unfolded in the American housing market over the past couple of years, marked by a rise in mortgage rates to around 7 percent. These rates, though not historically extraordinary by themselves, present a challenge due to the fact that the average American household […]

Foreclosures coming? Not likely

April 15, 2024 | Reading Time: 1.5 Minutes In 2012, the housing market dynamics were vastly different from previous downturns. Foreclosures were minimal, with delinquencies representing only a fraction of what they were in 2008. Unlike prior crises where foreclosures dominated inventory, this time, there’s virtually no hidden inventory, posing little risk to price stability. […]