Volumes

Americans continue to have a dire view of their housing prospects, as only 14% of those surveyed reported having a positive outlook on the U.S. housing market.

Brett Brumley of Lender Toolkit discusses the challenges that lie ahead in the industry, and how advancements in artificial intelligence and machine learning will smooth the road ahead.

A combination of “inflation, high prices, soaring mortgage rates, and low housing supply caused 2023 to go down as the least affordable year for housing in recent history,” said Redfin Senior Economist Elijah de la Campa.

The House Financial Services Committee recently gathered a panel of housing experts to analyze affordability challenges in the housing marketplace, with a focus on governmental barriers such as zoning policies that have exacerbated these issues.

“Despite the risk of volatility in the housing market, homeownership remains an important driver of wealth accumulation and the largest source of total wealth among most households,” said Ksenia Potapov, an Economist at First American Financial.

Redfin’s new forecast examines whether next year's market will favor buyers, whether renting will lose any of its appeal, and how location will factor in due to issues such as in-office policies, climate risk, and affordability.

Bringing more than 15 years of industry experience to the role, Adam O'Daniel will spearhead Guild Mortgage’s marketing and communications initiatives and expand brand presence nationally while fostering a culture of creativity and collaboration.

“Despite the resurgence in tappable equity among U.S. mortgage holders, elevated interest rates are making homeowners reluctant to extract that wealth,” said Andy Walden ICE’s VP of Enterprise Research.

David Aach of Blue Sage Solutions shares his outlook for the coming year, exploring how advances in the tech space will propel the marketplace in 2024 and beyond.

In addition to high demand for single-family homes, apartments and rental units within driving distance of city centers are selling at a premium.