In a recent economic outlook by Morningstar, the housing market affordability is currently mimicking the peak of the housing bubble in 2006. This similarity is due to a combination of mortgage rate hikes, rising home prices, and income levels.
In light of this, Morningstar suggests that falling mortgage rates will play a vital role in improving housing affo ... Show More
May 2024
959: BiggerNews: 2024 Housing Market Update and Why Prices Are Still Rising
The 2024 housing market isn’t turning out how most of us thought. At the beginning of the year, real estate investors were hopeful that mortgage rates would fall, affordability would return, and home prices would have a chance to stabilize before going back up. But none of those ... Show More
33m 8s
Jul 2023
Are We About to See the Shortest Housing Cycle Ever?
Last year, as the Federal Reserve hiked rates to the highest levels in decades, there were lots of warnings about an imminent collapse in the US housing market. But home prices have only dipped slightly since then and now they're even recovering, stacking up three consecutive mon ... Show More
37m 43s