The supply is on the rise and interest rates are on the decline at a time of peak distraction for the industry. Let’s handle the distraction part first. Home sellers, home buyers, and the industry in general really does tend to slow down from Thanksgiving to New Years. It happens to all of us but …
It is always fun to look at a “hockey stick” chart. Okay, fun might not be the correct word, perhaps “interesting” is more appropriate. Here you can see the country’s monthly supply spiking, so I thought we’d spend a few words on explaining why. There are two things at play here: Inventory is going up. …
Welcome to this month’s “what in the world is going on in residential real estate” economic update. I thought it would be fun (as much as macro-economics can be fun) to dig in on the Total Active Listings and New Listings chart below: The purple line is the Total Active Listings in the US. and …
Winter is coming. Game of Thrones fans, you’re welcome. But it looks like winter might be coming early. I pulled this chart for this month’s economic update since I believe it really tells the story of today’s market. It’s not just interest rates affecting the industry, even though that seems to be all anyone talks …
Sometimes the snapshot tells the story of residential real estate perfectly… and this is one of those times. Inventory is up as it usually is at this time of the year. The summer selling season is “a thing” and what we’ve seen this year is that it has started later, but it is picking up. …
This month I want to talk about listings, or rather, the lack of listings. The blue line represents “new listings” and the purple line shows “total listings.” You can see at the end of last year the spread between the two lines was widening. This (usually) means a slowing real estate market. This is because …
This month we’re only going to look at one chart that I think will tell a lot of the story of today’s real estate market. As you can see, active inventory has started trending down, and at the same time, the number of new listings is trending up. How is that even possible? If you …
A few different factors contributed to last week’s upward rate momentum. For once, economic reports were not the main cause. The first factor was the debt ceiling debate. The other was Fed member comments and the overall economic outlook. All of these factors contributed to bond market weakness, which oftentimes correlates to higher rates. The …
Market Update: Rates Trend Higher; Pending Home Sales Coming Up This Week Read More »
Here is our March Market Snapshot, let’s unpack what this means and cover the two things you should pay attention to as we head into the spring/summer “selling season” for residential real estate. Let’s start with the two numbers to pay attention to, which are correlated: Total Active Listings and Months Supply. These data points …
Silicon Valley Bank shutting down made a lot of headlines. So I thought it would be helpful to unpack that a bit for everyone. Cliff notes: I think this is (for now) isolated to regional banks and not systemic (sort of). Overall, this is collateral damage from the FED rate rising unlike any other time …
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