Topics

Stay up to date

Stay up to date

National Data

National Data

A Change in Homebuyer Expectations Is Slowing the Housing Market
By Mike Simonsen on September 18, 2023

Home sales each week continue to be at depressed levels. We counted only 59,000 new pending sales this week. Meanwhile, available inventory of unsold homes is growing. In fact, this week...

Continue Reading

National Data

Home Sales Dip, but Home Prices Are Holding Steady for Now
By Mike Simonsen on September 11, 2023

This week continues the trend of fewer home sales and steady prices. New contracts dipped as affordability is out of reach for so many. Inventory is very low and just inching up now week...

Continue Reading

National Data

Housing Inventory Is at Its Highest Point All Year
By Mike Simonsen on August 21, 2023

Mortgage rates kept climbing in the last week. Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly...

Continue Reading

National Data

Data Points Towards Slight Cooling in the Market This Fall
By Mike Simonsen on August 14, 2023

It’s mid-August, mortgage rates have been stubbornly above 7% for two months now, and it sure looks like home buyers are growing weary. We can see signs that buyers are slowing, both in the...

Continue Reading

National Data

Home Inventory Inches Up With Higher Mortgage Rates
By Mike Simonsen on August 7, 2023

Mortgage rates are sitting at their highest levels in many years. Higher mortgage rates mean higher monthly payments, less affordability for home buyers, and slightly fewer transactions....

Continue Reading

National Data

Will existing home sales climb at all this year?
By Mike Simonsen on July 24, 2023

Last week, NAR reported that existing home sales declined in June to an annual rate of 4.2 million. The question I’ve been getting lately is whether we’ve turned the corner on home sales....

Continue Reading

National Data

A Soft Landing for the Real Estate Market, and What’s Next
By Mike Simonsen on July 17, 2023

Somewhere about this time last summer, I did a video where we pointed out that it looked like the US housing market could have a soft landing in 2023. Any time you use the phrase “soft...

Continue Reading

National Data

Home Prices Holding Strong Year-Over-Year Despite Rising Mortgage Rates
By Mike Simonsen on July 10, 2023

This week, new pending home sales prices are at a new high for the year, and just fractionally below last year at this time. This is a remarkable development given how dramatically home...

Continue Reading

National Data

Mid-Year Housing Market Signals for the Rest of 2023
By Mike Simonsen on July 5, 2023

What will it take for inventory of homes to build for the second half of the year? If mortgage rates climb, demand will slow and inventory will build up, like it did in September and...

Continue Reading

National Data

Signs that homebuyers have adjusted to high mortgage rates
By Mike Simonsen on June 26, 2023

We’re seeing encouraging purchase signals this week even as mortgage rates have stabilized around 7%. Available inventory of unsold single family homes rose 2% this week; last year it rose...

Continue Reading

Get the latest articles directly in your inbox, stay up to date