BEAMSTART Logo

The housing market is crazy expensive, but 'an improvement in affordability that we have only seen a handful of times over the past ~35 years’ is coming, says Morgan Stanley

Fortune LogoFortune3 mo ago

The housing market is crazy expensive, but 'an improvement in affordability that we have only seen a handful of times over the past ~35 years’ is coming, says Morgan Stanley - Fortune

Quick Summary:

After reaching slightly above 8%, mortgage rates have been falling for weeks as inflation cools, signaling a potential end to the Federal Reserve’s interest rate hikes (some even expect to cut rates in the coming months).

But if mortgage rates continue to trend lower, which analysts expect, then the likelihood of homeowners putting up their homes for sale (as the lock-in effect fades) will increase.

Until then, affordability largely depends on mortgage rates.“With the volatility in mortgage rates, affordability has recently threatened to resume deteriorating at a record pace … or start to show improvement from historically pressured levels depending on the week,” they wrote.


More Pictures

The housing market is crazy expensive, but 'an improvement in affordability that we have only seen a handful of times over the past ~35 years’ is coming, says Morgan Stanley - Fortune (Picture 1)

or

Article Details

Author / Journalist: Alena Botros

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-11-20 @ 19:12:32 (3 months ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 24 words

Reading Time: 1 minutes read

Sentences: 34 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 17906626

View Article Analysis

About Fortune

Fortune Logo

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 61 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "The housing market is crazy expensive, but 'an improvement in affordability that we have only seen a handful of times over the past ~35 years’ is coming, says Morgan Stanley" has 24 words across 34 sentences, which will take approximately 1 minutes for the average person to read.

Which news outlet covered this story?

The story "The housing market is crazy expensive, but 'an improvement in affordability that we have only seen a handful of times over the past ~35 years’ is coming, says Morgan Stanley" was covered 3 months ago by Fortune, a news publisher based in United States.

How trustworthy is 'Fortune' news outlet?

Fortune is a fully independent (privately-owned) news outlet established in 1929 that covers mostly economy and business news.

The outlet is headquartered in United States and publishes an average of 61 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #17906626
  • URL: https://beamstart.com/news/the-housing-market-is-crazy-17005082103057

BEAMSTART brings you the latest news, databases, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2024 BEAMSTART. All Rights Reserved.