Home Prices Expected to Grow at the Slowest Rate in Recent Memory, A Special Report on Racial Inequities in Housing, and More...
Chandan Economics
Economic Advisors and Data Scientists to the Real Estate Industry
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Maia Peterson
After nine consecutive rate hikes over the past year, the rising interest rate environment has taken a toll on the housing market's momentum, leading to a pessimistic outlook for price home growth in the year ahead. According to the 2023 NY Federal Reserve Bank’s SCE Housing Survey, home price growth expectations for the next year are at the lowest levels since the survey began in 2014.
Chandan Research Team?
March’s on-time payment rate reflects another jump in performance, marking the second month in a row of improvement. After the on-time payment rate sat at 83.1% in February, the share of units paying their rent on time in March rose to 84.9% — the highest observation in the history of the RentRedi-Chandan Economics dataset.
Chandan Research Team
Significant disparities in wealth and economic outcomes by race in the United States continue to endure today. As a primary tool for wealth-building and upward mobility, housing often exists as both a cause and solution for deep-rooted inequities.
Here, our analysis focuses on racial disparities in four key areas: Household Wealth, Housing Affordability, Credit Access, and Housing Quality, as well as a discussion on potential policy considerations.
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Jonathan O'Kane
Chandan Economics estimates that the adjusted CPI inflation rate for renters was 6.0% in February 2023, falling directly in line with the headline inflation rate and falling 0.4 percentage points from a month earlier. Meanwhile, the adjusted CPI inflation rate for fixed-rate homeowners totaled just 3.4% over the same period, declining by 0.5 percentage points month-over-month
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Arbor Realty Trust
As more Baby Boomers reach retirement age, seniors now account for a larger share of American households. Through 2021, seniors made up more than a quarter (26.9%) of all households — spiking 6.6 percentage points since 2007
Arbor Realty Trust
Even as some developers have pumped the brakes on single-family construction, construction starts of single-family rental (SFR) units soared to a new record high in 2022 — a signal that demographic and structural tailwinds continue to outweigh cyclical recessionary headwinds.
SVN Research
How recent bank distress could impact CRE, home prices continuing to decline, and the latest forecast for the Fed's May policy meeting.