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...
Continue ReadingAs 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...
Continue ReadingWe’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...
Continue ReadingThe 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...
Continue ReadingWith 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...
Continue ReadingEven 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....
Continue ReadingOverall 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...
Continue ReadingThe 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...
Continue ReadingWe 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...
Continue ReadingDespite 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...
Continue ReadingAbout 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...
Continue Reading