Research Summary
The article discusses the current state of the housing market in the United States. The author points out two emerging trends: rentals may be re-accelerating as people defer housing purchases due to higher mortgage costs, and home prices may begin to accelerate due to low inventory levels. The article also highlights the impact of the pandemic on the housing market, with many people buying homes as second homes, investment properties, or potential Airbnb rentals. This has led to a significant acceleration in home prices.
Actionable Insights
- Monitor the rental market: There is a potential re-acceleration in the rental market as people are deferring housing purchases due to higher mortgage costs.
- Watch out for home prices: Home prices may begin to accelerate due to low inventory levels.
- Understand the impact of the pandemic: The pandemic has led to a significant acceleration in home prices as many people have been buying homes as second homes, investment properties, or potential Airbnb rentals.
