In the News: June

Jul 06, 2022

Rising mortgage rates are beginning to cool off the housing market. Read the latest housing market news featuring Zonda experts.

Mortgage rate hikes are finally beginning to cool off the housing market. Higher housing costs are complicating housing supply and demand dynamics and are making the forecasting process increasingly difficult across the US and Canada. Builders must now find the right balance of inventory in the face of faltering consumer confidence and some buyers getting priced out of the market due to affordability constraints. As the market shifts, media outlets are continuing to turn to Zonda for the latest housing data and perspective.

Learn about trending housing news featuring Zonda’s experts and housing market data in these recent articles:

Quartz — US mortgage rates are already hitting 6%
Marketplace — The housing market is finally starting to cool off
New York Times — Highest mortgage rates since 2008 housing crisis cool sales
Fortune — The housing market ‘correction’ intensifies as layoffs hit Redfin and Compass
Houston Chronicle — Builders deal with delays as home prices rise
Fortune — Mortgage rates hit 6.3%—the real cost to buy a house has officially spiked over 50% in just 6 months
Realtor.com — Echoes of the Great Recession: Is mortgage lending becoming riskier again?
Quartz — Americans are canceling new home construction plans as mortgage rates rise
Realtor.com — ‘Shock to the system’: Higher mortgage rates slam the brakes on the housing market
Houston Chronicle — Houston suburbs bursting with home sales as master-planned communities step up amenities
San Antonio Express-News — The most (and least) expensive ZIP codes for San Antonio homebuyers
Jacksonville Daily Record — Builder: Shortages limiting home supply
Bloomberg — Builders are slashing prices to sell homes in fast-cooling US markets

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