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 …
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 …
Let’s look at real estate through two fields of vision. Value: This is the one that gets the most attention since it is what impacts all of our personal balance sheets. Simply put, it sucks when the value for our homes go down. Price has been hyper-local, but in general, it is showing to be …
Prediction time. This is when Crazy Uncle Keith makes some calls for 2023 and gets some right, some wrong, and makes fun of himself at the end of the year for thinking he could predict the future. Click here to see how my predictions turned out in 2022. I have way less confidence this year, …
2023 Housing Market And Economic Forecast, Unfiltered Read More »
It’s time to take a look at my 2022 housing market and economic predictions and see how I did… I’ll let you be the judge. Prediction: Affordability: The perfect storm, and not the fun kind. For this, I have three predictions in mind. Inventory will remain tight. Yes, there will be more than last year, …
The Producer Price Index (PPI), which is a measure of inflation, had a good showing this month. It was up only 0.2% from the prior month and 8% off year over year. This is one of those “bad news is good news” scenarios that we see in today’s bizzaro economic world. The PPI trails the …
Here is our market snapshot for the nation for October 2022. I am going to highlight Months Supply (up 4.7% compared to September 2022) and Median Days On Market (up 8.2% compared to the previous month). Here is why these two umbers are important. We normally see real estate starting to enter its seasonality phase …
Here is our September housing snapshot, I wanted to unpack a few numbers. Total listings are down by 30.6% and new listings are only down by 25.1%, how are those two numbers different? We see this play out when there are properties sitting on the market for longer periods of time. During the last few years …
Here are just a few headlines after a quick Google search for “real estate market.” “Feds damage to the housing market may last years” “U.S. facing a ‘perfect storm” for 2008-like housing crisis” Let’s get this out of the way first: the real estate market is slowing. The volume of sales (number of homes) has …