Housing Market Fundamentals
Monday, July 24
There continues to be a lot of negativity surrounding the real estate market. Contrary to most news headlines, the housing market fundamentals remain strong. It all comes down to supply and demand: Steady Demand: Rising mortgage rates have decreased the demand for housing, but demand remains str...
Weekly Market Observations — July 18,2023
Tuesday, July 18
Here’s Our Weekly Market Observations : Inflation shows signs of easing with CPI increasing only 0.2% in June, less than expected Median home sales price near record high of $426k US apartment demand remains below average but increasing sharply Average 30-year fixed mortgage rates up slightly to...
Weekly Market Observations — July 12, 2023
Wednesday, July 12
Here’s Our Weekly Market Observations : NAR reports US home showings down 4% YOY in May, the lowest in nearly a decade New construction sales increase 12.2% in May while resales decline Home prices expected to grow “convincingly” in 2024 Average 30-year fixed mortgage rates up slightly to 6.81%
Weekly Market Observations - July 4, 2023
Tuesday, July 04
Here’s Our Weekly Market Observations : Pending home sales fell 2.7% in May from April and 22.2% YOY The South region counts for over half of all US multifamily construction Dallas bans short-term rentals in single-family neighborhoods Mortgage rates trending back up after falling for three weeks...
Weekly Market Observations — June 28,2023
Wednesday, June 28
Here’s Our Weekly Market Observations : May had the lowest number of home sales in over a decade Home prices continue to rise as buyers outnumber sellers NAR reports May home sales up slightly from April, but down 20.4% YOY Report compares brokerage profitability, with eXp Realty topping the cha...
Is Real estate crashing?
Monday, June 26
Is the single-family real estate market going to crash? Crash chatter has been going on for years (and it’s getting louder), but is it an emotional reaction or based on market data? The real estate market couldn’t sustain the same level of growth it experienced during the pandemic. With mortgage...