Find out where the economy and housing market are heading through the Quarterly Economic & Housing Market Outlook. Here are some key highlights:

Economy: Economic Growth Resilient Amidst Rising Interest Rates

  • Optimism in the economy increased coming into 2024.
  • Labor market cooling with unemployment rate near historic lows.
  • Inflation moderating, but still above the Fed target.

Housing Market: Affordability Challenged by Higher Rates; House Prices Resilient

  • Mortgage rates on the rise again with stronger than expected inflation.
  • Home sales rebound as we enter the Spring Homebuying season.
  • Both existing and new homes sales declined in 2023; existing home listings decreased due to the rate-lock effect.
  • Home prices rebound on low supply.

Economic & Housing Market Outlook

See impacts of inflation, labor, mortgage rates, home prices, and delinquencies with the U.S. housing market in the 2024 Quarterly Economic & Housing Market Outlook.

Housing and Economic Research

Stay up to date with original research and analysis on housing trends, the economy, and the mortgage market.