Altos Blog | National Data (5)

National Data

While we still hear anecdotes about multiple offer scenarios in much of the country, and inventory is still super tight, we’re starting to see a slight slowdown in the sales rate, and a few...

National Data

We’ve been reporting for a few weeks about how the real estate market is reacting to mortgage rates around 7%. It seems pretty clear that sales volume has dipped as rates have moved up....

National Data

In this week's market update, I look at the phenomenon of "shadow demand." One of the persistent bearish arguments over the years has been that we have “shadow inventory” of sellers -...

National Data

By now it’s no secret that the US real estate market in 2023 has been more resilient than anyone expected at the beginning of the year. But it’s also important to note that mortgage rates...

National Data

Is the debt ceiling mess in Congress the one thing that will derail the housing market this year? Even at these relatively high mortgage rates, there are more buyers than sellers. While...

National Data

One way to measure supply and demand in residential real estate is to track what Altos calls the "immediate sales." These are the homes that get listed and take offers immediately, often...

National Data

Available inventory of homes on the market actually fell this week as American home buyers continue to defy expectations. Even as difficult affordability curtails some demand, new supply...

National Data

I’ve been talking about how this is a supply constrained market... and finally now at the end of April as we see a little more inventory, the good news is that we’re seeing more purchases...

National Data

Inventory looks to be finally climbing for the spring. We had the most new listings this week since September. A nice little increase. Still 10% fewer listings each week than last year, but...

National Data

I was expecting that this would finally be the week that inventory started rising across the country for the spring buying season. But instead, inventory fell again. In most of the county,...