We're two months into the new year, and even while we’ve been reporting surprisingly resilient home buying activity so far this year, it’s not nearly enough demand to change our view that...
Continue ReadingWe're two months into the new year, and even while we’ve been reporting surprisingly resilient home buying activity so far this year, it’s not nearly enough demand to change our view that...
Continue ReadingHow quickly will higher mortgage rates impact the surprisingly resilient home buyers this spring? The interest on a 30 year fixed mortgage today is approaching 7% again. Just a few weeks...
Continue ReadingAvailable inventory of homes for sale dropped big this week. So far this year demand for homes has exceeded the number of sellers who are willing to sell. It seems that sufficient numbers...
Continue ReadingWell friends, Americans are buying houses this winter. Each week inventory is falling and pendings are climbing. The market has fewer price reductions and more immediate sales each week....
Continue ReadingAvailable inventory of homes for sale continues to fall at the end of January. This is a combination of very few new listings and a bit of a surprising uptick in demand from buyers. Low...
Continue ReadingWe’re watching the data roll in each week, and frankly it keeps surprising me. The median price of newly listed homes is climbing, and price reductions continue to fall across the country...
Continue ReadingAvailable inventory of homes for sale has likely bottomed for the season. With a tiny uptick in inventory over last week. As we move later into January the signals for the year start...
Continue ReadingWith 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...
Continue ReadingWe’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...
Continue ReadingAs 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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