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National Data

National Data

Will Homebuyers Come Back This Fall?
By Mike Simonsen on September 3, 2024

This week the available inventory of homes for sale inched down across the country. It was a lead up to the holiday weekend, so that’s not uncommon. But it is indicative that we’re roughly...

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National Data

Inventory Is Now Declining in Key Markets
By Mike Simonsen on August 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week - there are fewer homes for sale now than a week ago. Inventory seems to have...

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National Data

Is Inventory Growth Finally Slowing?
By Mike Simonsen on August 19, 2024

Unsold inventory has been on the rise all year, but there are some signs that inventory growth is slowing as we approach the end of summer with newly-lower mortgage rates.In the years...

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National Data

Mortgage Rates Are Down. Do Buyers Care?
By Mike Simonsen on August 12, 2024

Mortgage rates fell two weeks ago, then climbed steadily again last week. Is it enough to motivate any new buyer activity or are we looking at 2025 before home sales finally recover?From a...

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National Data

Will Home Buyers Jump at Cheaper Mortgage Rates?
By Mike Simonsen on August 5, 2024

Mortgage rates are dropping fast. Will potential home buyers jump at newly cheaper payments? Or will they wait to see if rates drop further before taking action? Mortgage rates are at the...

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National Data

Is the 2024 Housing Market Beyond Saving?
By Mike Simonsen on July 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. New home sales contracts are coming in pretty consistently fewer than last year - 4.9% fewer...

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National Data

Housing Demand Stalls As Homebuyers Wait for Lower Rates
By Mike Simonsen on July 22, 2024

Mortgage rates have come down with recent good inflation news, but rates are still higher than they were a year ago and higher than they were 6 months ago. How will consumers respond as...

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National Data

What Happens to the Housing Market When Rates Finally Drop?
By Mike Simonsen on July 15, 2024

Is it darkest before the dawn? If we look at the housing market data right now, things look the most bearish they've been all year. And yet, really good inflation data came in last week,...

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National Data

More Price Cuts As Inventory Continues To Grow
By Mike Simonsen on July 8, 2024

Nationally, the housing market indicators have been slow for several months now. There have been a few markets though that have defied the national trends where inventory has stayed tighter...

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National Data

What To Expect in the Real Estate Market For the Rest of the Year
By Mike Simonsen on July 1, 2024

The last week of June is typically the peak of the home buying season, when activity and prices start their seasonal decline. So this first week of July, I'm looking at what we can we see...

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