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National Data

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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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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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