Real-Time During the Pandemic
Sam KhaterVice President and Chief Economist, Economic & Housing Research
Sean BeckettiVP Chief Economist*
*Sean Becketti retired from Freddie Mac in March 2019
The National Association of Realtors' Housing Affordability Index is currently at near-record highs. But for a lot of people, it sure doesn't feel like housing is affordable.
The second half of the 20th century brought remarkable growth in homeownership. Today, it's at the lowest level in 50 years. Will it continue to drop, as some economists predict?
Today, the homeownership rate is at its lowest in half a century. It has been declining for over a decade and experts are projecting it will continue to keep falling.
One key to today's single-family housing market is homeowners who were born before Star Trek first aired in the 1960s. They control almost two-thirds of the nation's home equity.
After more than a year of false alarms, the Federal Reserve finally raised the federal funds rate. Economists are pondering the impact of this action.