Insights

Mortgage Rates a Potential Challenge for Buyers in 2022

3 min read

3 min read The US residential housing market has been on a tear for over a year and a half. The COVID19 crisis unexpectedly changed consumer home buying behavior, pushing more families into suburban locations with outdoor amenities and greater square footage. In addition, residential housing demand from millennials has increased substantially, making this demographic the single largest buyer. All of this is taking place at a time …

Is the Surge in Household Real Estate Wealth Adding to Unemployment?

3 min read

3 min read The strength in the current US residential housing market is most likely a long-term positive for the overall health of the US economy and has created a tremendous amount of wealth for homeowners. Strong housing demand, along with rising equity markets, and government stimulus were all a tremendous boost to US household wealth over the last year and a half and helped many homeowners weather the COVID financial crisis. The Wall Street Journal recently commented on this strength: “Home prices and stocks have soared, in part because of stimulus from the Fed. From …

Millennials One of the Most Dominant Forces Behind the Surge in Housing Demand

3 min read

3 min read The big story in residential real estate over the last few years has been the COVID crisis and its effect on demand for residential housing. This surge in demand has been primarily (but not solely) focused on suburban locations as large numbers of families migrated away from large urban centers. As the demand surged, prices followed suit. As recently reported in the Wall Street Journal, ““Rarely has the for-sale home market been more heated than in the past year. The median price …

MultiFamily Rent Growth Surpasses 10% for the First Time Ever

MultiFamily Rent Growth Surpasses 10% for the First Time Ever

3 min read The strength in the housing market emerging from the COVID19 crisis continues to be broad, affecting most geographies in the U.S., as well as most segments of housing. This strength is also being experienced in the multifamily space. As recently reported …