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National Data

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Has the Housing Market Already Found the Bottom?
By Mike Simonsen on January 30, 2023

Available inventory of homes for sale continues to fall at the end of January. This is a combination of very few new listings and a bit of a surprising uptick in demand from buyers. Low...

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National Data

Latest Data Shows Surprising Home Price Strength
By Mike Simonsen on January 23, 2023

We’re watching the data roll in each week, and frankly it keeps surprising me. The median price of newly listed homes is climbing, and price reductions continue to fall across the country...

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National Data

Housing inventory is starting to tick up
By Mike Simonsen on January 16, 2023

Available inventory of homes for sale has likely bottomed for the season. With a tiny uptick in inventory over last week. As we move later into January the signals for the year start...

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National Data

Hopeful Signs for the 2023 Housing Market
By Mike Simonsen on January 10, 2023

With one week of January under our belt, we still see the hangover of the New Year’s weekend in the housing data, and available inventory of homes for sale declined last week. There were...

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National Data

Housing Market Starts 2023 with Less Inventory Than Expected
By Mike Simonsen on January 4, 2023

We’ve turned the corner of the new year with probably the lowest inventory week for all of 2023. During the pandemic, inventory kept falling during January, February, and March as demand...

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National Data

Real estate market starts to thaw as mortgage rates drop
By Mike Simonsen on December 19, 2022

As inflation and mortgage interest rates ease down this December, the ice cold real estate market of the fall seems to be thawing just a bit. Available inventory of homes on the market is...

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National Data

How far will home prices drop before January?
By Mike Simonsen on December 12, 2022

Home prices are ticking lower as the end of year approaches. The low point of home prices each year is the second week of January. Will that be the case this year?  Will be interesting to...

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National Data

Mortgage rates will make or break the spring real estate market
By Mike Simonsen on December 5, 2022

Inventory of homes for sale in the US is declining each week now. It’s the end of year so that’s to be expected of course. But we probably only have 6 weeks more of falling inventory before...

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National Data

Home price reductions have peaked for the year
By Mike Simonsen on November 21, 2022

As available inventory of unsold homes on the market gradually decreases for the winter, our focus shifts to what’s going to happen in 2023. We can expect inventory to keep declining over...

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Early Predictions for the 2023 Real Estate Market
By Mike Simonsen on November 14, 2022

As we approach the end of volatile year for the market, home buyers and sellers are anxiously looking ahead to 2023. What signals can we see in today's data that will help guide us towards...

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