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National Data

National Data

Data Shows Homeowners Just Aren’t Selling
By Mike Simonsen on March 27, 2023

While the first three months of 2023 have had significantly more housing demand than we expected coming out of the ice-cold fourth quarter, the real story of the year continues to be...

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National Data

Can Housing Market Data Tell Us if a Recession Is Looming?
By Mike Simonsen on March 20, 2023

This week, all eyes are on the economy and recent financial turmoil to know where the housing market is headed for the rest of 2023. The bank troubles seem to be not contained and that...

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National Data

What’s in store for the spring home buying market?
By Mike Simonsen on March 13, 2023

By now, seeing inventory fall every week is no longer a surprise... even though it’s March, when we’d normally expect inventory to be increasing each week as the peak home buying season is...

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National Data

Demand for homes continues to outpace inventory
By Mike Simonsen on March 7, 2023

If I told you more homes this week went into contract than last year at this same time, would that surprise you? How can that be? Well these are both supply-constrained markets. So while...

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National Data

What Will Happen with Home Prices in 2023?
By Mike Simonsen on February 28, 2023

We're two months into the new year, and even while we’ve been reporting surprisingly resilient home buying activity so far this year, it’s not nearly enough demand to change our view that...

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National Data

How Quickly Will Higher Mortgage Rates Impact Home Buyers This Spring?
By Mike Simonsen on February 20, 2023

How quickly will higher mortgage rates impact the surprisingly resilient home buyers this spring? The interest on a 30 year fixed mortgage today is approaching 7% again. Just a few weeks...

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National Data

Homebuyers Are Defying Expectations
By Mike Simonsen on February 13, 2023

Available inventory of homes for sale dropped big this week. So far this year demand for homes has exceeded the number of sellers who are willing to sell. It seems that sufficient numbers...

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National Data

Growth in Pending Home Sales Points to Strong Buyer Demand
By Mike Simonsen on February 6, 2023

Well friends, Americans are buying houses this winter. Each week inventory is falling and pendings are climbing. The market has fewer price reductions and more immediate sales each week....

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National Data

Has the Housing Market Already Found the Bottom?
By Mike Simonsen on January 30, 2023

Available inventory of homes for sale continues to fall at the end of January. This is a combination of very few new listings and a bit of a surprising uptick in demand from buyers. Low...

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National Data

Latest Data Shows Surprising Home Price Strength
By Mike Simonsen on January 23, 2023

We’re watching the data roll in each week, and frankly it keeps surprising me. The median price of newly listed homes is climbing, and price reductions continue to fall across the country...

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