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Freddie Mac, NAR, & Mortgage Debt Crisis – Weekly Recap

May 20, 2024

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Sources:

US home prices have soared 47% since 2020
https://nypost.com/2024/05/13/real-estate/us-home-prices-have-soared-47-since-2020/

Average American Household Debt in 2024: Facts and Figures
https://www.fool.com/the-ascent/research/average-household-debt/

Americans expect mortgage rates to rise to nearly 10% in the next three years, New York Fed housing survey finds
https://www.marketwatch.com/story/americans-expect-mortgage-rates-to-rise-to-nearly-10-in-the-next-three-years-new-york-fed-housing-survey-finds-73e269ad

Half Of All Loan Applicants Denied Since 2022 Rate Hikes
https://nationalmortgageprofessional.com/news/half-all-loan-applicants-denied-2022-rate-hikes#:~:text=Half%20of%20Americans%20who’ve,to%20a%20new%20Bankrate%20survey.

Monthly Supply of New Houses in the United States
https://fred.stlouisfed.org/series/MSACSR

“Bidenvilles”: Where Parking Lots Are All Americans Can Afford
https://www.heritage.org/housing/commentary/bidenvilles-where-parking-lots-are-all-americans-can-afford

Americans say it’s the worst time ever to buy a home
https://www.cnn.com/2024/05/09/business/housing-market-good-time-to-buy/index.html#:~:text=The%20percentage%20of%20Americans%20who,to%2069%25%20by%20April%202022.&text=After%20years%20of%20dirt%2Dcheap,to%20get%20inflation%20under%20control.

Brooklee Han on NAR’s clarification of buyer broker agreements
https://www.housingwire.com/podcast/brooklee-han-on-nars-clarification-of-buyer-broker-agreements/