If there is a surge of inventory next year, will sales increase too? Yes, probably. There have been 6% more sales this year. Oh - but there were 15% more listings. Hmmm it sounds like not every seller gets out. We could be set up for an old-fashioned price war, where...
There are several reasons why I think the local inventory will surge in 2025. It will be due to several causes contributing more houses for sale, and all combined it may look like a flood in some areas. Been Trending That Way in 2024 - The inventory this year has been...
Another believer in the lock-in effect. The drop in percentages is 8.5% over two years, which sounds like a full-blown liquidation event if you ask me. These are national stats so those in the more-reasonably priced areas and/or areas that didn't appreciate much...
Hat tip to Jorge who sent in this interview with Jeffrey Gundlach, the prominent bond trader who speculates with confidence on the Fed's half-point cut and what it means for the markets. He speaks quite knowledgeably about everything except the future of the housing...
Since May, Zillow has been predicting virtually no annual appreciation locally. Living in Flat City mostly affects those who have purchased recently - it's tougher to move and/or refinance if the down payment was 20% or less. If you just want to lower your existing...
Can we learn about what to expect in 2025 by reviewing the other recent metrics available? Here are alternative ways to gauge the market conditions - the most interesting numbers in red: Number of Sales - Just incredible that out of nowhere the July sales set the high...
I think we will experience a very similar trend in 2025. A hot market and prices for the first four months, and mellow-down-easy for the rest of the year. And April was already slowing. The first quarter of 2025 will be prime selling season! Plan accordingly!...
Living in Flat City can be a disaster for those recent purchasers who buy the wrong house, or get divorced. If you have to resell your home in a year or two after buying it, the down payment will get eaten up and you may not be able to buy another house....unless you...
Above is what's coming for the next six months, and it's going to be a slugfest as buyers and sellers grapple with price. The relation of sales price to the days on market will be exact. How much should buyers offer as we cruise into lowball season 2H24? The price...
Our home values have been detached from "key economic factors" for years. More interesting would be studies that analyze what would happen to areas that are full of the older tract homes (1980s and before) that haven't been improved much and are dumped onto the market...
