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.
Tag: Recession
Fannie Mae Survey: Experts See Home Prices Rising 2.4% in 2024
Fannie Mae’s quarterly Home Price Expectations Survey, produced in partnership with Pulsenomics, found experts anticipate home price growth to end up at 5.9% for 2023, with 2.4% predicted in 2024 and 2.7% in 2025.
Matt Hansen: New-Era ‘What-if’ Scenarios
The pandemic is evolving rapidly, requiring businesses to respond quickly. By this point, most lenders have confirmed employee well-being and transitioned workers to remote environments where possible. For their next move, lenders need to start playing an aggressive game of “what if.”
Redfin: 44% of Home Buyers, Sellers See Drop in Home Prices in Recession
Just one-third of home buyers and sellers expect home prices to increase when the next recession hits, according to Redfin, Seattle.
Zillow: Home Value Growth Ends 21-Month Slowdown
First the good news: Zillow, Seattle, reported after a nearly two-year slowdown, year-over-year home value growth rose in February. The typical home value in the U.S. is now $247,084, a 3.9% increase from a year ago, according to the February Zillow Real Estate Market Report.