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National Data

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More Sellers, Fewer Buyers
By Mike Simonsen on February 26, 2024

Price reductions ticked up this week for the first time since November in the face of rising mortgage rates. Inventory is rising across the country as home buying affordability takes...

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National Data

Home Price Gains Slow as Mortgage Rates Rise
By Mike Simonsen on February 19, 2024

Are last year’s surprising home price gains evaporating now? As interest rates climb again, some of the price signals are softening. Inventory is climbing vs. last year, and home prices...

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National Data

Sellers Are Coming Back to the Market. Can Buyers Keep Up?
By Mike Simonsen on February 12, 2024

Each week for several months now, inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s growing compared to a...

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National Data

Are Rising Mortgage Rates Already Deterring Home Buyers?
By Mike Simonsen on February 5, 2024

Mortgage rates are back up over 7% this morning following very strong economic growth data. When the economy is stronger than expected, and job growth is stronger than expected, the bond...

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National Data

Home Sales Are Growing. Will It Continue?
By Mike Simonsen on January 29, 2024

On Friday last week, the National Association of Realtors released their December pending sales data. The headline was an impressive 8% jump over December of 2022. If you’ve been following...

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National Data

Real Estate Momentum Slows As Interest Rates Rise Again
By Mike Simonsen on January 23, 2024

For several weeks I’ve been reporting data that shows the housing market growing in 2024. Those metrics - specifically the pace of new listings and new sales contracts - slowed this week....

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National Data

Signs Point to More Inventory This Spring
By Mike Simonsen on January 15, 2024

Home sellers are finally starting to ease back into the market, and new listings each week are now exceeding last year's levels. As a result, we’re starting to see slightly more available...

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National Data

The Strong Spring Real Estate Market Will Surprise You
By Mike Simonsen on January 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see probably 15% home sales growth over 2023. Home prices will be up this year by a few percent also. ...

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National Data

Real Estate’s Strong 2023 Finish
By Mike Simonsen on January 2, 2024

Happy New Year! The last week of data for the 2023 US real estate market is in, and pretty much all the signals for housing in 2024 are now pointing towards growth.Inventory is slowly but...

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National Data

Are Sellers Finally Coming Back?
By Mike Simonsen on December 18, 2023

We're wrapping up 2023, and the housing market is about to settle down for a few holiday weeks before beginning the year with new listings and new market signals.But there is something...

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