HomeMarketsFuturesRent Vs Buy: Housing Prices Increasing

Rent Vs Buy: Housing Prices Increasing

Even with high rates, the housing market has been resilient. Will there be a pullback in the fall of 2023? Housing costs contribute about 40% to inflation. Rent prices come down due to supply. Lisa Sturtevant says that rates will likely hover around 6.5% to 7.5% for the 30-year fixed mortgage. What will happen when the affordability ceiling will be reached? Also, how are homebuilders responding to the changes in the market today?

Futures

29 Aug 2023

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