Has the U.S. Housing Market Become Recession-Proof?

The U.S. housing market has enjoyed stable price growth this year. Consumer interest in new homes remains high. Low supply and increasing buyer interest are making the market recession-proof. The U.S. housing market has held its ground impressively this year despite the economic fallout of the pandemic that has gripped the globe and sent millions […]

Continue Reading

Record-Low Mortgage Rates Won’t Save the Housing Market

The U.S. housing market is bouncing back quickly, fueled by record-low mortgage rates. The housing shortage is worsening, further increasing home prices. Low-income Americans can’t afford a house despite low mortgage rates. The pandemic has hit the U.S. housing market hard. Millions of Americans have lost their jobs and did little shopping because of the […]

Continue Reading

Fannie Mae’s Rosy Housing Market Forecast Only Means the Crash Will Be More Devastating

Fannie Mae’s monthly sentiment indicator approached record highs in December. The government-sponsored enterprise released a forecast last year calling for mortgage rates to plunge to five-decade lows in 2020. Mortgage rates continue to be the primary driver of the so-called housing recovery – a dangerous ingredient for an economy struggling with record debt and stagnant […]

Continue Reading