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National Data

National Data

Weekly Pending Home Sales Are Finally Above Last Year
By Mike Simonsen on March 24, 2025

After a very disappointing first quarter of the year with home sales failing to climb over 2024’s already anemic levels, signs are finally emerging that we’ve turned the corner to have some...

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National Data

Are We Seeing the First “Bad Economy Sellers” in 15 Years?
By Mike Simonsen on March 19, 2025

The housing market story of the last three years has been interest rates, of course. As mortgage rates rose, home buyer demand slowed. As demand slows, inventory grows. Home sales remain...

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National Data

Could Homebuyers Find Bargains This Spring?
By Mike Simonsen on March 10, 2025

The spring housing market is trying to find its footing. Pending home sales inched up for the week with some small gains, and new listings volume hit its biggest week since September. List...

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National Data

Will Falling Mortgage Rates Finally Help the Housing Market?
By Mike Simonsen on March 3, 2025

Over the last two months of economic uncertainty, the yield for the 10-year treasury has declined by 60 basis points from 4.8% to 4.2%. The 30-year fixed mortgage has followed suit,...

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National Data

2025 Could Be the Last Year of Inventory Shortage
By Mike Simonsen on February 24, 2025

Home prices in 2025 are a couple percent above where they were last year at this time. People often ask, “how can it be possible that home prices are still climbing even though the cost of...

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National Data

Could Home Prices Turn Negative This Year?
By Mike Simonsen on February 18, 2025

Home price appreciation across the country is barely positive compared to last year at this time. Depending on how you measure it, home prices are about 2% higher on average across the...

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National Data

Has Seller Growth Lost Momentum?
By Mike Simonsen on February 10, 2025

There are two trends that bubbled to the surface in this week’s housing market data. We talked last week about how the price reductions leading indicator has been growing more bearish for...

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National Data

Weak Demand Is Forcing More Home Sellers to Reduce Their Asking Price
By Mike Simonsen on February 3, 2025

There are some really interesting price trends happening across the country right now. I mentioned last week how weakness in demand had cause some of the measures for home price changes to...

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National Data

Will We See Home Price Declines in 2025?
By Mike Simonsen on January 27, 2025

Recently we’ve shared that inventory of unsold homes is growing, and that in recent weeks, home sales have faltered in the face of 7% mortgage rates. We’re going to focus today’s video on...

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National Data

Home Sales Are Stalled With 7% Mortgages
By Mike Simonsen on January 20, 2025

New contracts for home purchases are coming in very low this month. We counted 10% fewer home sales for the week than the same week a year ago.In the fourth quarter of 2024, sales were...

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