August 22, 2023

Housing Market Commentary Update

by Mike Tubbs, Quantitative Portfolio Analyst, with Lauren Rosales-Shepard, Content Writer

The housing market displays a sharp upward correction from the downturn that began in 2022 Q3. Home prices have thus far outperformed many forecasts and professionals' expectations, and are looking to bounce back to historical norms. Short-run forecasts are therefore optimistic; there are strong signals that home prices already reached their lowest value, post-pandemic, and are on the rise. Housing market efficiency has improved drastically since 2008, and that has pumped the brakes on price declines. Although the current supply deficit is continually increasing despite a growing house-buying population, this mismatch in the U.S. housing market will elevate HPA in the long run.

To read our more in-depth analysis and see the data, access the full report.

About the Author


Matthew O’Hara

Matthew O’Hara is Unison's Chief Investment Officer, who is responsible for all investments at Unison Investment Management and its associated research. Matt graduated as valedictorian from the Master’s in Financial Engineering program at UC Berkeley’s Haas School of Business. He also ran the LifePath series of funds at BlackRock. He has a background in multi-asset portfolio management and retirement innovation, as well as the government bond and securitized credit spaces.

Contact UnisonIM

For more information, please contact:

Unison Investment Management

650 California Street Suite 1800 San Francisco, CA 94108

Real Estate Equity Exchange, Inc. Copyright 2023

or visit our Contact page

650 California Street San Francisco, CA 94108 | 415-992-4200 | Real Estate Equity Exchange, Inc. Copyright 2023