Housing Inventory Finally Improving?
30 Second Market Update
July 26, 2021
According to the National Association of Realtors (NAR), after four consecutive months of declines, existing home sales increased 1.4% from May to June, to a seasonally adjusted annual rate of […]
Inflation Is on The Rise
30 Second Market Update
July 19, 2021
The Consumer Price Index (CPI), which measures inflation on the consumer level, rose by 0.9% in the month of June and was much higher than the expected 0.5%. Year over […]
Record High Pending Home Sales Report
30 Second Market Update
July 12, 2021
The Nation Association of Realtors recently released their Pending Home Sales report, and it showed that signed contracts on existing single-family homes, condos and co-ops increased by 8% for the […]
Home Prices Surge in April
30 Second Market Update
July 05, 2021
According to the S&P CoreLogic Case-Shiller National Home Price Index, which is the gold standard in tracking home values, home prices in April rose a staggering 14.6% year-over-year from 2020. […]
New Home Sales
30 Second Market Update
June 28, 2021
Last week the U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their New Home Sales report. It showed that there were 769,000 signed contracts on […]
Federal Reserve’s Announcement and Impact on Interest Rates
30 Second Market Update
June 21, 2021
Last Wednesday, Federal Reserve Chair Jerome Powell relayed the conversations from the Fed’s two-day meeting. As of this meeting, the Fed Funds rate remained unchanged and they said that they […]
New and Existing Home Sales
30 Second Market Update
June 14, 2021
Two monthly housing reports which serve as a great gage to the turnover and sales of homes across the US are the New Homes Sales report and the Existing Home […]
Home Prices Continue to Climb, but Inventory Still an Issue
30 Second Market Update
June 07, 2021
According to Realtor.com’s Monthly Housing Trends Report, the national median listing price rose to $380,000 in May. This jump represented a 15.2% increase from the previous year. Shockingly, it is […]
Housing’s Current State
30 Second Market Update
June 01, 2021
Several housing reports came out last week, giving us a good feel for how the market is fairing in this very abnormal environment. The Federal Housing Finance Agency’s Home Price […]
Home Prices and Demand Continue to Soar to New Records!
30 Second Market Update
May 24, 2021
According to a recent study from Redfin, national median home prices reached $370,528 for the month of April. That figure marks a 22% increase year-over-year and is a new record. […]
Inflation Begins To Rear It’s Head
30 Second Market Update
May 17, 2021
Last week, the latest inflation numbers were released from the US Bureau of Labor Statistics’ Consumer Price Index. This index showed that for the month of April, consumer prices increased […]
Mortgage Rates Move Back Down, but Will They Stay There?
30 Second Market Update
May 10, 2021
According to Freddie Mac, for the week ending May 6th, mortgage rates reached their lowest levels since this past February. In addition, this marked the third consecutive week where we […]
