Lance Lambert

House Republican leadership posted their amendment to the Senate-passed 21st Century ROAD to Housing Act on Wednesday night. The controversial 7-year selloff requirement is gone, and several new exemptions have been added.

In theory, as Pandemic Housing Boom froth recedes and “overvaluation” comes down, so does downside risk.

After a burst of softening, the count of major metros seeing year-over-year home price declines has stabilized over the past ten months.

After a burst of softening, the count of major metros seeing year-over-year home price declines has stabilized over the past ten months.

ResiClub PRO

Builders deploy capital where the population base is rising, where land is available to entitle and develop, and where the regulatory and demand environment makes it feasible to build homes at prices the market can absorb.

With less overvaluation, lower exposure to the recent migration pullback, and fewer homebuilders offering large incentives, active inventory across these regions remains relatively tight.

ResiClub PRO

Zillow slightly downgrades its national home price outlook—predicting that over the next 12 months, U.S. home prices are likely to shift -0.1%.

Zillow predicts that national housing affordability may improve slightly as U.S. income growth outpaces U.S. home price growth.