by Mark Palim Vice President, Economic and Strategic Research
It has been a year since mortgage rates reached a post-crisis low of 3.35 percent at the beginning of May 2013. Mortgage rates then rose steadily through the summer of 2013, reaching 4.57 percent in September 2013. More recently, rates have oscillated in a relatively narrow range down to 4.10 percent
In July 2013, we wrote an FM Commentary about the impact of rising mortgage rates on the housing recovery. Were we right in our July 2013 assessment? ...Read more »
by Patrick Simmons Director, Strategic Planning, Economic and Strategic Research
Popular perception holds that Baby Boomers, members of the massive generation born between 1946 and 1964, have begun to alter their housing consumption as they exit their childrearing years and approach retirement.
For example, multiple recent media accounts point to an emerging trend of Boomers "downsizing" from suburban single-family homes to urban multifamily residences as they become "empty nesters." ...Read more »