Real Estate Market Minute

April CPI Inflation Number Indicates Rate Cuts May Come Sooner and More Rapidly Then Originally Thought

The latest CPI inflation reading shows inflation continuing to cool off. However, there is one aspect of the report that continues to lag and it’s directly related to the real estate market. I dig into the latest CPI reading and cover what it most likely means for interest rates going forward and the housing market overall.

What Home Depot Earnings Tell Us About the Future of the Housing Market

The Home Depot quarterly earnings report and call tell us quite a bit about the consumer as it pertains to the housing economy. It also gives us a glimpse into the future of the housing market as I go over what was said and extrapolate this out to what we will see in the coming months and years regarding the real estate market.

The Latest on Inflation Data and Interest Rates

Inflation data from last week is telling us that rates should come down in the near future. Just when will they come down, and how big an impact could it have on the real estate market when they do?

Could We See Lower Interest Rates By the Summer Because the Economy is Getting Weaker?

The economy is starting to show some cracks and that might just be what is needed for the FED to act and cut interest rates. I go over that and another scenario that the homebuilders face making my case for why I think interest rate cuts and a lower 30 year-fixed mortgage rate could be headed our way by the summer.

The National Association of Homebuilders has a Plan to Increase Housing Supply

The NAHB has outlined a plan to the government to boost housing supply. The 10-point plan is aimed to ease shelter inflation and remove barriers that hinder the construction of new homes. This higher for longer interest rate environment continues to cut into housing supply. I explain the NAHB’s plan and what you can read between the lines as it pertains to the future of the housing market.

Today’s Non Farm Payroll Report Will Impact Interest Rates Going Forward

This morning the government released the April Jobs Non Farm Payroll report and it was well below expectations. Unemployment rate also ticked up to 3.9%. Was does this all mean for interest rates and ultimately the 30 year-fixed mortgage rate going forward, and how significant could this new development be to the housing market?

The Latest on the FED’s Interest Rate Decision

Yesterday the Federal Reserve decided to leave rates unchanged. But that was not all they said. In fact, I think one of the most important and overlooked things from their statement will have a direct impact on interest rates this month and, therefore, directly impact both the bond market and the 30 year-fixed mortgage rate going forward.

Pending Home Sales Rose Significantly in March

Pending home sales which represent homes that go under contract rose 3.4% in March. While the rise is encouraging we are still at multi-year lows overall. What will it take to increase the volume of home sales and what will be the end result to the housing market if all of these things that I think is inevitable come together?

A Case Study on the Rise and Fall of Austin, Texas Home Values

I take a deep dive into what happened to the Austin, Texas real estate market. Home values skyrocketed for years and have since in recent months cooled and in fact dropped significantly. What caused the boom in home values? Why have values fallen? What is happening now and has it finally normalized? What can we take from this case study and how can we extrapolate it out to some of the other hottest metros that experienced same such as Miami, Tampa, Phoenix, and Dallas?

Updated 2024 U.S. Housing Forecasts

Experts weigh in on the latest housing market forecasts. I go through it all and determine what it means going forward and why it makes quite a bit of sense going forward for the housing market’s next move.