Altos Blog | National Data (6)

National Data

There’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...

National Data

Available 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...

National Data

In the face of growing supply of unsold homes on the market, we have to ask how much more inventory this market can handle before home prices start to decline. We’re at 19% year over year...

National Data

Price reductions ticked up this week for the first time since November in the face of rising mortgage rates. Inventory is rising across the country as home buying affordability takes...

National Data

Are last year’s surprising home price gains evaporating now? As interest rates climb again, some of the price signals are softening. Inventory is climbing vs. last year, and home prices...

National Data

Each week for several months now, inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s growing compared to a...

National Data

Mortgage rates are back up over 7% this morning following very strong economic growth data. When the economy is stronger than expected, and job growth is stronger than expected, the bond...

National Data

On Friday last week, the National Association of Realtors released their December pending sales data. The headline was an impressive 8% jump over December of 2022. If you’ve been following...

National Data

For several weeks I’ve been reporting data that shows the housing market growing in 2024. Those metrics - specifically the pace of new listings and new sales contracts - slowed this week....

National Data

Home sellers are finally starting to ease back into the market, and new listings each week are now exceeding last year's levels. As a result, we’re starting to see slightly more available...