Affordability Rising Mortgage Rates Continue to Price Out a Growing Share of Buyers Buyers on a budget are struggling to grapple with inflated mortgage rates in an already overpriced housing market
Financials Property Taxes Made Up the Largest Share of State and Local Tax Receipts in 2021 Property taxes accounted for $672.5 billion in state and local tax receipts throughout 2021
Financials Property Tax Collections Remained Stable in 2021 A steady stream of property taxes accounted for the largest share of state and local revenue throughout 2021
Market Data + Trends The Housing Market Could Be On Track for a Substantial Downshift, One Analyst Says An uptick in mortgage interest rates could price out a large share of buyers and lead to market deceleration in just a few short months
Financials Mortgage Equity Withdrawal Increased Sharply in Q4 2021 Mortgage debt is up $1.05 trillion from the housing bubble peak, but higher mortgage rates in 2022 could change that
Economics Russia’s Invasion of Ukraine Is Already Making Waves in the U.S. Housing Market The consequences of Putin’s actions are being felt on a global scale as new sanctions and severed diplomatic ties cut deep into foreign economies
Affordability Mortgage Applications Fall to Two Year Low as Rates Keep Rising Total mortgage applications dropped to the lowest level since December 2019 as interest rates creep past 4%
Financials Rising Home Values Are Giving U.S. Homeowners Record High Housing Wealth Nearly half of all homeowners were considered equity-rich at the end of 2021 after a $2.6 trillion gain in tappable equity
Financials Mortgage Interest Rates Are Rising, But Experts Say There’s No Need to Panic Buyers are racing into the real estate market to avoid being priced out by mortgage gains, but rates will remain around historic lows, and rate locks offer an added cushion
Housing Policy + Finance Single-Family Rent Growth Backed by Over $50 Billion in Capital Investors are flocking to the rental market as a growing number of U.S. metros report double-digit price growth
