Housing Outlook

Apollo Chief Economist

Our latest housing outlook is available here, key charts inserted below.

US Housing Outlook
House prices coming for existing homes
Source: Census, Apollo Chief Economist
Inventory of existing homes for sale is rising but from a very low level
Source: NAR, Apollo Chief Economist
Significant drop in existing home sales
Source: Census Bureau, NAR, Haver, Apollo Chief Economist; Forecast is Bloomberg consensus
US house price model
Source: Bloomberg, Apollo Chief Economist
Confidence declining for homebuyers and homebuilders
Source: University of Michigan, NAHB, Haver Analytics, Apollo Chief Economist
Homebuilder confidence could rebound over the coming months because of lower mortgage rates
Source: NAHB, Bloomberg, Apollo Chief Economist
Plans to buy a home rebounding for new homes
Source: Conference Board, Apollo Chief Economist
Housing affordability now below 2007 levels
Source: Bloomberg, Apollo Chief Economist
Average number of offers received per sold property
Source: NAR, Apollo Chief Economist

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