Mortgage rates have finally topped 6%, and with more gains on the horizon, experts warn that the U.S. housing market could be moving toward a recession
Even in the throes of an economic recession, prospective buyers aren't willing to put off home purchases, especially as sellers drop their asking prices in overheated markets
Home builder CFOs are facing persistent headwinds from inflated material and labor costs, lingering supply chain challenges, and a more hesitant consumer base
With much less financial risk-taking and an increase in equity wealth, today's buyers and homeowners are much more prepared to handle a housing downturn than they were in 2008
Priced out buyers aren't the only ones feeling the sting of a housing reset; according to John Burns Real Estate Consulting, its consequences are reaching every corner of the market
Mortgage rates could fall to 4.5% in 2023, according to Fannie Mae's most recent housing forecast, but that doesn't mean buyers will benefit from holding off on home purchases