By now if you follow the housing data closely, you’ll know that inventory of unsold homes on the market is up over 2022. Inventory climbed well into November, and new listings each week are...
Continue ReadingBy now if you follow the housing data closely, you’ll know that inventory of unsold homes on the market is up over 2022. Inventory climbed well into November, and new listings each week are...
Continue ReadingInventory is still growing nationally the week before Thanksgiving. That’s very late in the season. Last week it looked like inventory had peaked for the year, which I announced in this...
Continue ReadingNew listings volume and the weekly sales volume are now running at a slightly better pace than the same week last year. Both have been below 2022 all year long. When we started the year,...
Continue ReadingThe big question on everyone’s mind is: when will home sales turn around? Are we on the cusp of a double-dip housing recession? Or are there signals that 2024 might see a recovery in the...
Continue ReadingIt’s the last week of October and available inventory of unsold homes in the US is still on the rise. This was the week last year when inventory finally peaked and started receding before...
Continue ReadingIf homebuyer demand is so weak, why aren’t home prices falling?By now everyone knows that homebuyers are holding back in hopes of improving affordability. There were only 55,000 single...
Continue ReadingAvailable inventory of unsold homes on the market continues to climb at its fastest clip all year. The total count of unsold single family homes grew by 9,000 this week, which is very...
Continue ReadingThe same trends of the last few weeks are still dominant this week. Mortgage rates continue to climb. It’s not uncommon to hear rates quoted over 8% for a 30-year fixed mortgage....
Continue ReadingAvailable inventory of single family homes for sale rose another 1.3% this week. Even though that’s a slight deceleration from the last few weeks when inventory was climbing by nearly 2%...
Continue ReadingAvailable inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than last year at this time. This...
Continue Reading