Housing Demand

Housing supply summit highlights the cost of complexity

I love Jerusalem Demsas’ “Housing Breaks People’s Brains” article in The Atlantic from November 2022. For me, it’s a trailhead for understanding why efforts and solutions aimed at the housing access and attainability crisis for so many Americans often short-circuit and fizzle before they can fix anything. Demsas’ unflinching reporting on “localism and shortage denialism” […]

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Mortgage rates now closer to 7% than 6% as the Iran war escalates

Two weeks ago on CNBC, I talked about how the housing market was poised for growth for the first time in years — unless mortgage rates shot up due to the war with Iran. Mortgage rates were sub 6% before the war and today they hit 6.62%, according to Mortgage News Daily. That is a

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Harvard study: how low immigration could impact housing demand

On Tuesday, Harvard University’s Joint Center for Housing Studies (JCHS) updated an August homeownership and household growth report with an addendum that adds a low-immigration scenario.  Under the low-immigration scenario, the number of homeowning households would decline by approximately 88,000 to 99,000 per year relative to a baseline scenario assuming historical immigration levels. The number

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Mortgage rates hit year-to-date lows after Powell comments

We’ve reached fresh new year-to-date lows in mortgage rates after Jerome Powell, speaking at the Jackson Hole Economic Summit on Friday, suggested that the labor market may be more important than inflation for the time being. If only someone had been saying that for a few years! All jokes aside, mortgage rates have been trending

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Coldwell Banker’s Jason Waugh on data, skills and seizing market opportunity

On a recent call with HousingWire, Jason Waugh, the president of Coldwell Banker Affiliates, reflected on a milestone at home — his oldest daughter heading off to college. “We’re putting the finishing touches on summer before she leaves,” he says. For Waugh, it was a reminder of transition, which is a theme that also defines

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