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Seniors aging in place in Chicago could reshape city’s housing market

Housing Wire

Seniors largely want to remain in their own homes as they get older, and that preference could be remaking the housing market in the city of Chicago, according to a new report. The two organizations produce the quarterly Reverse Mortgage Market Index (RMMI) report. The RMMI increased precipitously between 2011 and 2021.

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Top 20 Markets for Single-Family and Multifamily Permits: 2011-2020

Eyes on Housing

Despite the volatility surrounding the recent COVID-19 pandemic, the housing market has shown remarkable resilience, fueled by demographic tailwinds and a housing shortage due to a decade of underbuilding.

Marketing 194
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Homebuyers are extremely pessimistic about the housing market

Housing Wire

Despite continued home price appreciation and a volatile mortgage rate environment that has resulted in the least affordable housing market in decades, there remains a minority of consumers who still feel that now is a good time to buy a home. The housing market index fell 1.2 Creating a path to success in today’s purchase market.

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Housing Market Tracker: Inventory finally rises

Housing Wire

Can we now say that the housing market ‘s spring selling season is finally underway? Below is the monthly supply of existing homes from 1999-2014, where you can clearly see the growth in monthly supply from 2006-2011. The red line is where NAR believes a balanced market is, at six months of supply.

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Logan Mohtashami’s 2024 housing market and rate forecast

Housing Wire

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Every Saturday I publish a weekly housing market tracker with forward-looking data and insights so you can adjust quickly to market conditions. If the 10-year yield gets above 4.25%, the U.S.

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Existing home sales lay the path for the 2024 housing market

Housing Wire

I would argue yes, and the housing market today looks a lot like what we saw in late 2022. I give more details in this interview on why I believe the housing market dynamics shifted on Nov. The days on market have always been a critical data line for me. months, and the days on market is 25 days; reading is a good thing.

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Americans are deeply pessimistic about the housing market

Housing Wire

Home prices have started to drop, but the decline has not been significant enough to slow a growing pessimism about the housing market. Fannie Mae’ s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, dropped by 0.8 Presented by: Calyx.