Real Estate Market Minute

A Look At The Top and Bottom Rental Markets in the U.S.

Zumper came out with their latest study of the best and worst rental markets over the past year. I go over the list, plus figure out how things have changed so much over the past year and what it could mean going forward.

Hasn’t the Housing Market Slowed Down Enough?

I go through a series of data points provided by Redfin that tells me the housing market has slowed down enough and it is time for the Federal Reserve to cut interest rates before it’s too late.

Is the U.S. Showing a Housing Slowdown Because of Too Much Supply?

According to Redfin we finally arrived to the point where at least temporarily housing supply is outweighing buyer demand in parts of Florida and other parts of the U.S. due to lots of new home construction over the past year. I go over what’s going on with this latest trend, the cities in the U.S. and Florida most effected, and how long this may last.

Demand for New Mortgages Surge This Past Week

According the Mortgage Bankers Association (MBA) mortgage demand surged 16% over the past week. Could such a small drop in the 30 year-fixed rate really cause this much demand? If so, what could this mean for the real estate market going forward? I get into this and briefly discuss the latest FED decision to keep rates unchanged at today’s FOMC meeting.

Unemployment Rises to 4.0% and What is Next for Rates?

The unemployment rate rose to 4.0% that is the highest reading since January of 2022. What could this data mean for the FED’s next move and interest rates? I go into the effect of this report and what it could mean for the housing market going forward.

Renters Are Staying in Their Homes Much Longer

Renters are opting to renew leases and stay in their homes much longer than ever before. In fact, according to research from Redfin, 1 in 6 renters are now living in their homes for 10 years or more! Why are folks not moving as often as they used to, and how could this impact today’s real estate market and the housing market that could develop into the future?

New Construction Homes Are Getting Smaller

Homebuilders are building smaller homes. Buyers are now opting for smaller homes and so homebuilders have been providing just that. However, what’s the real reason for the recent trend in new home size? I get into that and what it really means for the housing market and what buyers want.

U.S. Rents Are Down Over the Last 12 Months

According to @apartmentlist which you can follow on X, U.S. rents are down month over month and year over year. The negative to stabilized rental prices indicates we have finally bottomed in the rental market. If so, what does this mean for interest rates and the future of the housing market?

National Home Prices Are Rising Year Over Year

According to The Federal Housing Finance Agency (FHFA), U.S. Home prices rose 6.6% between Q1 2023 and Q1 2024. I dive into the states and metros with both the largest increases and biggest declines. Plus, I tell you what I think is coming next for home values based on the current housing market environment we continue to see ourselves in.

Asking Rents Are Falling in Major Metros Across the U.S.

The amount a Property Manager or Landlord asks for rent has decreased year over year from April 2023 to April 2024. Metros in the Sunbelt have seen some of the biggest declines although a city not in the Sunbelt tops the overall list. I go over the top 10 metros and why the impact to the investment part of the housing market may continue to slow down until a few things change.