Even the suburban dream is becoming out of reach for many — unless you live with your parents. In recent years, the rise of remote work, higher cost of living and growing crime rates have pushed more and more Americans towards the suburbs. Between 2010 and 2020, the percentage of Americans living in suburbs has…

Tired of your annoying roommate? Looking for a heat check on the economy? Best be paying attention to 30-year mortgage rates and housing data. Why? The housing market makes up an outsized 15-18% of the US GDP. And a 1% difference in mortgage rates can mean Uber Eats or pick up an extra $137 monthly…

Morgan Stanley’s US housing strategist James Egan forecasted a mere 3% home price decline in 2023. Is he missing an extra zero? The Fed benchmark rates have risen in 41 years — taking 30-year mortgage rates up with them. Everywhere you look, there are headlines like “US home sales drop for 7th straight month, house…

In the August inflation report, there were a few major categories that kept inflation stubbornly high: Food and housing costs. Housing costs — which include rent — are a large portion of the inflation index (~1/3) and are a major reason why inflation is still so high. So it’s a good thing that rent prices…

What can’t the Simpsons predict? In Fed Chair Jerome Powell’s views, the housing market will likely experience a “correction” — seeing it as a “good thing.” But economists believe that the housing market is already in a “deep recession.” Remember the good days? When interest rates were near zero — everyone rushed to purchase or…

The U.S. has been dealing with a housing shortage that drove up home and rental prices. But recent data shows rising rates are impacting home sales — a sign the housing market is cooling. Per Realtor’s July housing report, the national inventory of active listings rose 30.7% compared to the previous year — the highest…