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...
Continue ReadingAs 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...
Continue ReadingNational Data real estate data
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...
Continue ReadingInventory 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...
Continue ReadingAs 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...
Continue ReadingAnother 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...
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...
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