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National Data

National Data

More Home Sellers, Fewer Sales
By Mike Simonsen on January 13, 2025

There were 45,000 new listings for single family homes across the country this week, which is a big jump. It’s 12% more sellers than a year ago. This is the trend I’ve been talking about as...

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National Data

Did Home Sales Momentum Fizzle in December?
By Mike Simonsen on January 6, 2025

The New Year’s week was expected to be slow, so it’s no surprise that new listings and sales are down. Those will start rebounding in next week’s data.The Christmas and New Year’s holidays...

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National Data

The Two Big Housing Market Trends to Watch in 2025
By Mike Simonsen on December 30, 2024

All the data for 2024 is in, and it’s fair to say the housing market surprised again. There are two big trends that stand out to me as we launch into 2025.The first is affordability. Home...

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National Data

What Rising Inventory Means for the 2025 Housing Market
By Mike Simonsen on December 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than...

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National Data

Will 2025 Finally Be a “Normal” Housing Market?
By Mike Simonsen on December 9, 2024

We’ve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom: two and a half years. Is this the moment when the housing market will finally...

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National Data

How Migration Is Dividing the Housing Market in Two
By Mike Simonsen on December 2, 2024

The important thing to know when tracking housing inventory in 2024 through next year is that the country is bifurcated. Inventory has built dramatically in the South, while at the same...

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National Data

Buying a Home Is Growing Even Less Affordable
By Mike Simonsen on November 25, 2024

With relentless mortgage rates and stubbornly high home prices, the mortgage payment on the median priced home in the US is now back up above the 2023 and 2024 levels for the first time...

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National Data

Insights Into the 2025 Housing Market
By Mike Simonsen on November 19, 2024

Even though this week there were 9% more newly pending home sales than the same week a year ago, home sales are ticking down for the season and look weaker than they did in October....

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National Data

Housing Market Pauses for the Election
By Mike Simonsen on November 12, 2024

Overall this was a much slower week for the housing market than recent weeks have been. Inventory, new listings, sales, and prices all dipped this week. The autumn seasonal decline is upon...

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National Data

Home Sales Are Up Over Last Year
By Mike Simonsen on November 4, 2024

The hardest position to take in analyzing the market is one that is contrarian and bullish. When everyone knows that the housing market is sluggish and weak, but the data shows surprising...

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