Redfin Reports Renter Population Grew 1% in Fourth Quarter

The number of renter households in America increased 0.8% year over year to 45.4 million in the fourth quarter—the slowest growth since the first quarter of 2023, according to a new report from Redfin.

How Would a Recession Impact Existing-Home Sales?

Recessions don’t always mean falling home sales–the housing market has remained resilient in many past downturns. But every recession is different, First American deputy chief economist Odeta Kushi writes.

Quote of the Day

“In the near term, we expect mortgage rates to remain in a fairly narrow range, between 6.5% and 7%, which should support the spring housing market.”
–MBA Chief Economist Mike Fratantoni, discussing the Fed’s interest rate decision