Real Estate Market Minute

Why is Buyer Demand Still So Low Even With Lower Rates?

Buyer demand continues to wane even though rates are lower and new listings and new construction homes are increasing. What is the problem and when will buyers start to come back?

Updated Housing Market Forecast for 2024

Experts weigh in on their latest forecasts for home values, the direction of mortgage rates, as well as the number of homes sold for the 2nd half of 2024. I run through their opinions as well as weigh in on what I think about all of it.

U.S. Renters Population Growing Faster Than Homeowners Population

The number of renter households is growing much faster than ever before as compared to homeowner households according to U.S. Census Bureau data. Should we expect this trend to continue? Also what should it mean for you as a real estate investor?

The 30 Year-Fixed Mortgage Rate is Plummeting

Stock and bond markets are spinning out of control in the last week and it’s bringing interest rates and mortgage rates down rapidly. Just what will this mean for housing demand and the overall real estate market between now and the end of the year? There is much more to this market action than you think.

Home Sellers Are Dropping Asking Prices at a Record Rate

According to Redfin nearly 1 in 5 home sellers dropped their asking price in the month of June with is the highest rate ever for the month of June. I go over some of the metros that are showing the most home value drops as well as explain what I think is going on and what’s next for the shifting U.S. housing market.

Are We Actually in a Buyer’s Market Now?

Recent data suggests we have swung from a seller’s market into a buyer’s market. While it may seem a bit shocking this has been trending in this direction for quite some time. I share why I think the current housing market favors buyers and what it means going forward for the real estate market and interest rates.

Why are New Home Listings Increasing in Certain Housing Markets?

According to Redfin year over year new home listings has increased nationally by 6.4%. There are some markets that are showing a very significant increase as much as 30% in new pending home sales! I cover which cities are showing the highest level of new home sales and break down what I think is happening in these cities.

Leading Market Indicators Suggest an Interest Rate Cut is Imminent

There are some leading market indicators that all savvy real estate investors should be aware of and closely track these days. They will tell you where interest rates, and therefore mortgage rates are most likely headed in the future. I go over them and tell you why they matter. I also cover a few housing markets that I think may benefit and investors should have their eyes on for future growth.

I Now Expect an Interest Rate Cut in September

The jobs report on Friday shows that the Federal Reserve must ensure they respect their dual mandate. Because of this I expect interest rates to fall in the coming months quite significantly. I go over this part of the report and explain what it means for the struggling housing market in the coming months and into next year.

Homebuilders Are Slowing the Pace of New Home Construction

Homebuilders are striking back. Why do I say that? The pace of new home construction slowed considerably for the 3rd month in a row. I explain why I think that is and what has to happen for new home construction, and sales, to come back.