MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News
80
November 2024
F I N A L T H O U G H T S
"the influence of migration"
Danielle Hale, Chief Economist at Realtor.com, discussed how significantly migration trends could
be impacted by election results and why voting patterns may influence election outcomes as more
Americans relocate across state borders, particularly in pivotal swing states.
"struggling to pay rent"
Kenny Lee, Senior Economist at StreetEasy, revealed the unfortunate reality that many Americans are
now experiencing the financial hardships of making ends meet on an entry-level salary, hindering their
ability to save for future investments like purchasing a home.
"exacerbating the supply shortage"
Chen Zhao, Redfin's Economic Research Lead, explained that while rent control may be appealing to
tenants since it restricts price increases and saves money in the short term, it ultimately makes renting
less affordable by worsening the lack of nationwide housing supply.
"consumers more pessimistic"
Dana M. Peterson, Chief Economist at The Conference Board, said that consumer confidence
dropped in September to near the bottom of the narrow range that has prevailed over the past two
years, as consumers remain more pessimistic about future labor market conditions and less positive
about future business conditions and future income.
"a notable drop"
Molly Boesel, Principal Economist at CoreLogic, talked about how single-family rent growth slowed
from a year ago, and in contrast to the typical August gains, the monthly decline in single-family rents
was noteworthy, suggesting that single-family rents are rapidly slowing down.
