Category: Analysis

Analysis of anything real estate

Did lower mortgage rates slow housing inventory growth?

My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases, inventory growth slowed dramatically and is far from my 11,000-17,000… Read more »

Virginia Realtors: Zillow’s touring agreement may not be legal

Earlier this week, Zillow launched a new “touring agreement,” a nonexclusive contract for buyers and agents to use for home tours. The real estate giant was prompted to do this by the… Read more »

Finally, some healthy housing inventory growth

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25%, something I couldn’t get all last year. Of course, what is different this… Read more »

Sens. Klobuchar, Kaine reintroduce bill to create housing policy plans, boost supply

Democratic Sens. Amy Klobuchar (Minn.) and Tim Kaine (Va.) have reintroduced their Housing Supply and Affordability Act to the U.S. Senate in the hope of establishing a new grant program… Read more »

Mortgage rates poised to drop to 5.5% in 2024: Bloomberg

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the… Read more »

Existing home sales are working from a historic low bar

Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line… Read more »