National indicators do not necessarily predict the local economy, but the national trends can be a reliable gauge for what is happening with local residential real estate. Case in point, the U.S. Bureau of Labor Statistics recently reported that unemployment is relatively Continue Reading
Market Statistics: Week Ending June 23th, 2018
The first half of the year in residential real estate fared as expected, with the most obvious markers continuing to be low inventory and higher prices. We are also seeing decreased affordability in many markets coupled with more urgency (lower days on market) and increased Continue Reading
Market Statistics: Week Ending June 16th, 2018
Sales across the nation have risen not only because this time of year typically offers an increase in residential real estate activity, but because this year, in particular, has proven to have strong economic and market conditions. While it's still true that prices are Continue Reading
Market Statistics: Week Ending June 9th, 2018
The Federal Reserve recently increased the federal funds rate by 0.25 percent, marking the second rate hike this year and seventh since late 2015. Two more 0.25 percent increases are expected by the end of the year. The 30-year mortgage rate did not increase, yet Fed action Continue Reading
Market Statistics: Week Ending May 26th, 2018
Residential real estate activity is in full swing across America. Some trends are persisting as they have week after week, month after month and now year after year. But some metrics are teasing a deviation from the norm. There may not be as many homes for sale as there were Continue Reading
Market Statistics: Week Ending May 5th, 2018
Year-over-year percentage changes for housing metrics like inventory, median sales price and days on market have sometimes looked dramatic over the past few years in most markets across the country not named Houston. But as faster sales and higher prices persist, another Continue Reading
Market Statistics: Week Ending April 28th, 2018
As with last spring, the home-purchasing season will be competitive this year. Demand is still strong, especially in light of rising mortgage rates. Savvy consumers will want to get into a home before rates go up again. Amidst an environment of low inventory, buyers need to Continue Reading
Market Statistics: Week Ending March 31st, 2018
Climbing out of winter has taken more time than usual for much of the U.S., but house hunting should finally be taking center stage for many buyers. Quickly assessing what's available for sale will be key for buyers in what is sure to be another competitive selling season. Continue Reading
Market Statistics: Week Ending March 10th, 2018
There is not much new to report this week compared to last week or the week before, but that is more good news than bad news at this juncture of the year. It's true that more homes listed for sale would be welcome for a housing market ready for an influx of options. At the Continue Reading
Market Statistics: Week Ending February 17th, 2018
The trends from the last several weeks and, honestly, the last several months remain in place in much of the country as well as locally. The market is trying to sustain a healthy number of listings to keep pace with a consumer base that is clearly in a buying mood. There is Continue Reading
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