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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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National Data

The Supply of Homes on the Market is Finally Declining
By Mike Simonsen on November 14, 2022

Inventory is down for the second week in a row. In the middle of November you’d expect that, but since mortgage rates spiked in early September, inventory has been climbing. With mortgage...

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National Data

The Housing Market Is at a Standstill
By Mike Simonsen on November 7, 2022

As this housing market sits at a standstill, I keep looking in the data for signs of real chaos. If you’ve been watching these videos each week you know that inventory started climbing in...

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National Data

Real estate inventory still climbing into November
By Mike Simonsen on October 31, 2022

Another week late in October, inventory is rising as buyers are at a standstill. It’s been 8 weeks since mortgage rates spiked over 6% and three weeks since they crossed over 7%. Everything...

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National Data

Unprecedented housing inventory gains for late October
By Mike Simonsen on October 24, 2022

It’s late October and available inventory of homes on the market is still climbing each week. With mortgage rates over 7 or even 7.5% right now, it’s not hard to imagine why the market has...

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National Data

Has housing inventory peaked for the year?
By Mike Simonsen on October 17, 2022

Inventory is still on the rise each week. Our model had forecasted that inventory would tick up this week and it did. Next week will be a pivotal inflection point. That’s the week when the...

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Key Signals to Watch in a Volatile Real Estate Market
By Mike Simonsen on October 13, 2022

Rising interest rates are putting a damper on the housing market. Buyers and sellers appear to be pulling back, and inventory is starting to climb again. How long will the market contract,...

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National Data

Will home sellers win the tug of war with buyers?
By Mike Simonsen on October 10, 2022

In this week’s data, inventory came in unchanged from last week. That was a little surprising to me - I had expected some inventory growth across the country, because buyers have stopped...

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National Data

Home buyers get spooked when mortgage rates pass 5.5%
By Mike Simonsen on October 3, 2022

Home buyers have stopped cold as mortgage rates spiked dramatically in the last few weeks. It’s really measurable. In this week’s update, I’ll show you the inflection point during the first...

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