Tag: Housing Inventory
Did lower mortgage rates slow housing inventory growth?
My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases, inventory growth slowed dramatically and [Read more about this post…]
Spring housing market gets more inventory
Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. I have a simple model [Read more about this post…]
Buyers are struggling to compete in the white-hot Cincinnati market
While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a [Read more about this post…]
New-home sales fared well in March
New-home sales reached a seasonally adjusted annual rate of 693,000 in March, according to data published Tuesday by the U.S. Census Bureau and the U.S. [Read more about this post…]
Finally, some healthy housing inventory growth
Weekly housing inventory data Higher mortgage rates with duration will likely lead to higher inventory, which we have seen repeatedly for the past 10 years. [Read more about this post…]
Will a wider war in the Middle East push mortgage rates higher or lower?
10-year yield and mortgage rates There is nothing good to report on mortgage rates from last week. The chart below shows that we broke the [Read more about this post…]
Housing inventory fell last week, but it won’t derail the spring bump
Weekly housing inventory data Active inventory still needs to be faster for my taste. My model has active inventory growing at least 11,000-17,000 every week [Read more about this post…]
Spring forecast: More inventory and rising home sales
Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. There were another 15,000 condo sales started. That’s up 3% [Read more about this post…]
Weekly active inventory growth still too slow
Weekly housing inventory data Now that we are right in the middle of the spring buying season, my inventory model is simple: with higher mortgage [Read more about this post…]
Mortgage rates rise following a surge in Treasury yields
Mortgage rates rose this week as the yield on the benchmark 10-year Treasury note inched up. As of Monday, the yield on the 10-year U.S. [Read more about this post…]
