According to the Federal Reserve Bank of Dallas, we may be in the midst of a housing bubble, the likes of which we haven’t seen since the early 2000s. Citing “abnormal US housing market behavior” driving housing prices “increasingly out of step with fundamentals,” the bank warned that corrective policies could shock the market and burst the bubble.
It seems that 2022 will likely be a good year to be in the credit reselling business, as home sales to first-time buyers are expected to increase. This is because house price increases will level out over the next twelve months, at least according to Realtor.com.
We all know what’s been going on with the housing market over the last two years. The combined pressure of the pandemic and the rise of iBuying has greatly limited housing supply while demand has continued to rise. We’ve even written about it a couple of times recently, mostly discussing the ways in which the current market is pushing primary home buyers into rentals.
You don’t need to be in Human Resources to know what’s going on with the labor market, which, at this point, is definitively a laborers’ market.
As we’ve pointed out in our market research blog, the world was already going virtual before the Spring of 2020, but the pandemic most certainly accelerated it. From e-commerce’s rapid expansion to the proliferation of online meeting spaces, the pandemic forced people to learn digital technologies on the fly. “Zoom” was already a verb before the pandemic, but today it means something very different.
Topics: OnSite Inspections, OSI, Consumer Reporting, Occupancy Verification, Repossession Lot Inspections, Virtual OnSite Inspections, Debt Collection Inspections, FHA Lender Inspections, Background Checks