Housing Market News: August 2022

Sep 08, 2022

“There’s no doubt the housing market has receded,” chief economist Ali Wolf reported on CNBC’s Squawk Box. But it’s not the housing recession of yesteryears; credit scores are high, buyers have skin in the game with reasonable down payments, and many homeowners are flush with equity. While rising mortgage rates are slowing down demand, we still aren’t in a homebuyer’s market yet, at least not nationally, reported Zonda advisor Steve Hensley to abc15 Arizona. However, some markets are already noticeably slower and others are expected to fall 20% or more. Read the latest housing market news from Zonda’s experts to learn more.

CNBC Squawk Box featuring Ali Wolf — There’s No Doubt the Housing Market Has Receded
Bloomberg featuring Ali Wolf — Historic Affordability Shock in Housing
The Texas Tribune featuring Lawernce Dean — Texas’ Housing Market Shows Signs of Cooling Down
Head Topics Canada featuring Zonda Urban — Multifamily Housing Sales are Down More Than 30% in the GTHA
abc15 Arizona featuring Steve Hensley — Is Phoenix a Homebuyer’s Market Yet? The Answer is Still No
Marketplace featuring Ali Wolf — High Home Prices and Rising Interest Rates Mean There are More Homes on the Market
KSAT featuring Lawrence Dean — San Antonio Homebuilders Signal a Pullback as Uncertainty Creeps into Market
Northwest Arkansas Democrat-Gazette featuring Bob Templeton — School Board Picks Rezoning Plan for Fayetteville Elementaries
Yahoo! Finance — These 183 Housing Markets Could Soon See Home Prices Fall 20%
Business Insider featuring Ali Wolf — Today’s Housing Recession is a Kinder, Gentler Version of What We’ve Seen Before
abc15 Arizona featuring Steve Hensley — Valley Homebuilders See Alarming Surge in Homebuyers Backing Out of New Home Contracts
Cheddar News featuring Ali Wolf — Higher Mortgage Rates Are Making Housing Shortage Worse
Community Impact Newsletter featuring Bob Templeton — Student Numbers Driving Finances in Keller, Northwest ISDs
Next Mortgage News featuring Ali Wolf — New Construction Oversupply Strains Homebuilders

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