Christopher Whalen, chairman of Whalen Global Advisors, also sees potential for home prices to give back all of their pandemic gains if rates stay high for all of 2023.
The post Why the Housing Market Should Brace for Double-Digit Mortgage Rates in 2023 appeared first on Real Estate News & Insights | realtor.com®.
If home prices fall 15%, $6.5 trillion in household wealth could be wiped out, says Oxford Economics.
The post Housing Still Has ‘a Lot of Wiggle Room’ in a Recession, Even With Mortgage Rates Near a 20-Year High, According to This Investor appeared first on Real Estate News & Insights | realtor.com®.
“We are seeing consolidation of massive profits in the hands of a few, at the expense of communities of color,” says housing advocate.
The post Who Can Afford a Home? Roughly 60% of the U.S. Could Be Frozen Out of Starter Homes, Warns S&P appeared first on Real Estate News & Insights | realtor.com®.
Jumbo mortgage-bond issuance this year has already hit a post-2008 record of $38 billion, with $45 billion likely by year’s end, according to the BofA team.
The post Jumbo Home-Loan Originations Near Pre-2008 Crisis Levels appeared first on Real Estate News & Insights | realtor.com®.