Housing Market Tracker: Inventory is negative YOY
Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940… Read more »
Category: Housing Market
Record apartment supply is good for mortgage rates
What is the best news for mortgage rates long-term? It’s getting more supply of apartments! The best way to fight inflation is always by adding more supply; if your goal… Read more »
Cooler inflation data sends mortgage rates lower
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected, and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline… Read more »
Study Finds Americans Possess Minimal Knowledge of Housing Matters
New data shows Americans are as baffled by how real estate works as they are about cryptocurrency. According to a new Zillow survey, the study finds most Americans know more… Read more »
What a dismal jobs report means for the housing market
April was supposed to be the month that proved America’s economy had definitively kicked back into full gear. After all, roughly one million jobs were added in March, roughly 40%… Read more »
Home prices soared in March amid record demand
This is getting to be a problem. Home prices in the U.S. soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday… Read more »
Why you shouldn’t worry about the drop in new home sales
Today the Census Bureau reported that in February 2021, new single-family home sales were at a seasonally adjusted annual rate of 775,000. This was a big miss from estimates. Although… Read more »
Could the great refi boom finally be over?
A growing chorus of mortgage industry observers believe the final week of February might have been the last hurrah for sub-3% mortgage rates. And the proof is in the refi… Read more »
Housing Market Will Stay ‘Hot’ in the New Year
There’s no shortage of people ready, willing, and able to buy homes, according to the latest report from Redfin. In fact, the four-week period ending on December 13 has shown… Read more »
Buffini Makes ‘Bold Predictions’ About Upcoming Year’s Real Estate Market
It’s safe to say that 2020 threw everyone for a loop. The coronavirus pandemic has impacted the lives of billions of people worldwide, and perhaps the most surprising element of… Read more »