Tale of 2 housing markets will linger into 2024, Zonda economist warns

With listings still in short supply, homebuyers are “dealing with an affordability shock” and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY. Continue reading

Impact of ‘lock-in effect’ on listings may have been overstated

Fannie Mae researchers say rising mortgage rates aren’t the only reason homeowners have been reluctant to sell, and rates coming back down won’t necessarily produce a flood of for-sale listings. Continue reading