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...
Continue ReadingIt’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...
Continue ReadingInventory 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...
Continue ReadingNational Data real estate data
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,...
Continue ReadingIn 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...
Continue ReadingHome 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...
Continue ReadingTwo weeks in a row with inventory climbing, and price cuts seem to be accelerating. These are market slowing characteristics, and they seem suspiciously coincident with the spike in...
Continue ReadingNational Data real estate data
As inventory growth stalls, will sellers catch a break? Have buyers missed their window?Catch the replay of our September webinar - I look at the supply and demand signals for the market's...
Continue ReadingWe've all been assuming that as the US economy is exploding and everyone is employed and incomes are rising, the federal reserve has indicated they're going to start selling some of the...
Continue ReadingSometimes in the face of tragic world events, the work we do here seems trivial. We started doing these videos two years ago as the world first ground to a halt at the onset of the...
Continue ReadingFor weeks I’ve been talking about rising mortgage rates and the possible impact on the housing market, but suddenly they’re not rising anymore. Perhaps until the fed actually starts selling...
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