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 …
This month, let’s take a moment to review two important graphs and unpack the meaning behind the data. We’ve been hearing a lot about an increase in available inventory, which is true across the board. It’s important to pay attention to the number of new listings. This number has been gently trending up. There are …
Looking at the graphs below, you can see the housing market snapshot for the nation based on May 2022 data. I want to call out two specific charts that tell the “slowing market” story. First, I want you to look closely at the Months Supply chart – it is up, up and away. From a …
I’ve been traveling all over the country to real estate conferences during the past few weeks, some of them exclusive to C-level executives, and wanted to share a few of my takeaways from these timely industry events. Gathering this knowledge helps us move forward with strength, having developed a deep understanding of both long and …
Here is a buzzword we haven’t heard in a while: stagflation. Since the term seems to be making its way into recent headlines, I thought I would unpack what it means. Stagflation is a period when prices are rising while the economy is slowing. Normally, you don’t see those two things at the same time. …
There is a signal that has predicted most previous recessions: tens and twos invert. Demand rises for the two year and declines for the 10 year. Normally, the longer I keep your money, the more I have to pay in interest. The two year should always be lower than the 10 year since the government …
Last month we talked about seasonality and how we might need to get past Valentine’s Day to have a good understanding of what was going on in the housing market (February Economic Update). To quickly recap, most markets in the U.S. see a great reduction in inventory going into November and this tends to linger …
Wait… days on market is up, total sold properties has dropped like a rock, and months supply is up? All of those signs should point to the market slowing down (finally), right? If properties are on the market longer, not as many are selling, and we’ve got a 53% increase in months supply that all …
I am typing this at 9:20 am on Jan 24th and the DJIA is down 1,084 points. I am sending and receiving texts with people worrying, crying, asking if it’s because of the supply chain, inflation, Russia and Ukraine, when will it end and go back up, and don’t even get me started on what …
Predictions are fun. Mostly because some topics, like the real estate industry’s trajectory for 2022, are impossible to predict. Though I did pretty well last year (how’s that for a humble brag?), let’s saddle up for another round of Crazy Uncle Keith’s predictions for the new year. Affordability: The perfect storm, and not the fun …
2022 Housing Market And Economic Forecast, Unfiltered Read More »