As we hit peak home buying season in the US, the signals across the country are mixed at best, with some markets accelerating a bit and others slowing very quickly. Inventory continues to...
Continue ReadingAs we hit peak home buying season in the US, the signals across the country are mixed at best, with some markets accelerating a bit and others slowing very quickly. Inventory continues to...
Continue ReadingInventory continued to climb this week. Not at a super fast pace, but the number of homes on the market across the country keeps expanding. As mortgage rates stay elevated and as unsold...
Continue ReadingNew listings volume each week is now higher than at any time last year. And since it's still only April, there could be as many as eight more weeks of seller growth in the spring market....
Continue ReadingEven after a couple weeks of mortgage rate jumps, we’re still seeing surprising strength in key elements of the housing market. In fact, some measures of home prices are now at their...
Continue ReadingBig jump in interest rates this week. The 30-year fixed rate mortgage according to the HousingWire mortgage rates center is now over 7.2%, that’s 50 basis points above where we were at the...
Continue ReadingHere’s how 2024 is shaping up: there are now more listings, more active inventory, and more sales than a year ago. Sales are increasing because supply is increasing. We’re slowly emerging...
Continue ReadingEveryone knows it’s been a very dry 18 months for home sales. As mortgage rates rose, starting over two years ago now, payment affordability got dramatically worse and home buyer demand...
Continue ReadingIt was a pretty strong week for all the housing numbers. New supply and sales numbers keep climbing weekly and compared to last year. Price numbers had a slight increase this week across...
Continue ReadingThere’s a big Federal reserve meeting this week, and we’ll learn more about the future of interest rates then. I don’t have any capacity to predict interest rates - I’m not convinced anyone...
Continue ReadingAvailable inventory of homes on the market is climbing and will continue to climb until we’re finally in an environment of declining interest rates. Inventory has been rising for two years...
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