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National Data

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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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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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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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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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National Data

The Surprising Resilience of Home Prices in 2024
By Mike Simonsen on October 28, 2024

We track inventory and home sales very closely around here, but to be honest, the biggest surprise to me this year has been the resiliency of home prices. Given the unrelenting mortgage...

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National Data

Which Metros Are Seeing a Surge in Sellers?
By Mike Simonsen on October 21, 2024

Despite the Florida hurricanes, and in the face of recently rising mortgage rates, unsold inventory of homes on the market climbed this week by about 1%. We’ve been expecting inventory to...

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National Data

The Great Stay: Why Homeowners Are Staying Put
By Mike Simonsen on October 15, 2024

About a year ago, I started noticing a parallel between the housing market and the labor market. Unemployment in the country is very low. Everyone has a job. The conventional wisdom for...

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