Housing Market News: October 2022

Nov 07, 2022

This week the Federal Reserve announced yet another short-term rate hike—consistent with what officials have been communicating for months. The policy changes, combined with inflation, are driving up the yield on the 10-year Treasury – and mortgage rates are rising accordingly. The expectation is that mortgage rates will remain elevated for some time but there’s uncertainty. “Our model doesn’t really have many examples of inflation being this high and quantitative tightening and the changes to the short-term interest rate happening this quick,” Ali Wolf, Zonda’s chief economist reported to MarketWatch recently. Media outlets have turned to Zonda for housing market data and expertise as all eyes are on mortgage rates and house prices. Read the latest housing market news from Zonda’s experts to learn more.

Time Magazine featuring Ali Wolf — Why Mortgage Rates Could Hold Steady After This Week’s Federal Reserve Rate Hike
Wall Street Journal featuring Ali Wolf — Home Prices Fell in August in Biggest Monthly Decrease Since 2011
MarketWatch featuring Ali Wolf — When Will Mortgage Rates Go Down?
WRAL Tech Wire — Homebuyers: Want a Great Deal on a New Home? Here’s What to Ask For
San Antonio Express-News — Mortgage Rates Surge Past 7 Percent for the First Time Since 2002
San Antonio Express-News — Hitting a Wall: San Antonio Housing Market Slowing as Inflation, Rates and Prices Keep Climbing
NewsExplorer featuring Zonda Urban — Metro Vancouver Pre-Sale Condo Market Slows as Buyers Retreat and Developers Delay Projects
House Digest featuring Livabl — Best Room Wins Star Genevieve Gorder’s Tips for Designing on a Budget
Wall Street Journal featuring Builder Magazine — Builders Say They’re Ready for This Housing Slowdown
Markets Business Insider featuring Ali Wolf — Lumber Prices Have Defied a Cooling Housing Market to Climb 26% in October
Victoria Advocate featuring Zonda Education — Some Victoria Schools Face Enrollment Pressure as Zoning Review Process Starts
Yahoo!Finance featuring Ali Wolf — The Historic Deterioration in the U.S. Housing Market
MSN.com featuring Remodeling Magazine — Construction Businesses Are Growing Faster Than Ever. This is What’s Behind the Boom
Multi-Housing News featuring Kimberly Byrum — How Most New Projects Weave in Wellness
Greater Phoenix in Business featuring Kimberly Byrum — Arizona’s Multifamily Industry Remains Positive Despite Headwinds

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