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...
Continue ReadingInventory 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...
Continue ReadingI 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,...
Continue ReadingThis week marks three years since we started doing these videos, right at the beginning of the pandemic lockdown. At the time, everyone assumed the housing market was about to crater, and I...
Continue ReadingWhile 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...
Continue ReadingThis 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...
Continue ReadingBy 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...
Continue ReadingIf 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...
Continue ReadingWe'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...
Continue ReadingHow 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...
Continue ReadingAvailable 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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