Housing Market

Looking at last week’s numbers, the fear of not having an increase in housing inventory this spring should be put to rest. The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put

Inventory fell last week, with total active listings down by 2,545, and new listing data also falling week to week. Just when I thought it was safe to say we were getting more traditional spring housing inventory, we hit a snag last week, as active inventory and new listings declined. Hopefully, this is just a

From the seasonal bottom on April 14 to now — a whole month — total active inventory has only grown by 14,913. The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but

The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. It was a wild ride for the housing market last week! The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. New listings data fell, however, active

Debt ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring selling season. Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Active housing inventory, thankfully, saw some

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. The quick takeaway here is that total active listings in the U.S. are still near all-time lows and the demand has stabilized. If home sales

Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Mortgage rates fell last week

Active housing inventory only grew by 6,722 last week after the very low numbers the week before because of the holiday. After seeing disappointing inventory growth two weeks ago, which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And,

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. That was surprisingly strong, but as I have always stressed, context is critical. Purchase apps were coming off a four-week losing streak and even though those were mild week-to-week declines, it was still four weeks

Summer is here and housing inventory is finally growing. Active inventory grew 8,886 last week. Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Purchase apps had a small