It’s The ‘Year Of The Head Fake’ In America’s Housing Market

Photo courtesy of NAREE. By KIMBERLEY HAAS Economists tracking the housing market say it’s still a game of wait and see as mortgage rates and other affordability factors weigh heavily on potential buyers and sellers. Lawrence Yun, chief economist at the National Association of Realtors, said he thought the housing market would recover this year, but that has been delayed. “I think part of the reason is the Federal Reserve indicated publicly in December of last year three or four rate cuts, expect three or four rate cuts in 2024. Now, delay, delay, delay, with the possibility of only one rate cut so mortgage rates remaining elevated may be one of the reasons why home sales are yet to recover,”…

Will The Housing Market Boom Or Bust In 2022?

By KIMBERLEY HAAS As the spring selling season begins, people in the mortgage and real estate industries are speculating on whether 2022 will be a year of growth or the start of the end for a red-hot market that has favored sellers and forced up the price of housing in many parts of the country. Numbers from the start of the year look promising for growth. On Tuesday, S&P Dow Jones Indices released the latest results for the S&P CoreLogic Case-Shiller Indices. A 19.2% annual gain was reported in January, up from 18.9% in December. The 10-City Composite annual increase was 17.5%, up from 17.1% in December. The 20-City Composite posted a 19.1% year-over-year gain, up from 18.6% in the previous…