Existing Home Sales End 12 Month Streak of Declines
30 Second Market Update
March 27, 2023
The National Association of Realtors Existing Home Sales Report, which measures closings on existing homes, showed sales were up 14.5% in February at a 4.5 million unit annualized pace. This […]
As Inflation Dissipates, Rates Improve
30 Second Market Update
March 20, 2023
The Bureau of Labor Statistics released its Consumer Price Index (CPI) report for the month of February. The report showed that overall, inflation increased by 0.4%. Year over year, however, […]
Home Ownership Demand is Supportive of Home Pricing
30 Second Market Update
March 13, 2023
The National Case-Schiller Home Price Index, which is considered one of the most accurate gauges for home price appreciation, showed that home prices fell 0.8% in the month of December. […]
Pending Home Sales and Spring Optimism
30 Second Market Update
March 06, 2023
The National Association of Realtors released its Pending Home Sales report and it showed that signed contracts on existing homes increased by 8.1% in January. This came in much stronger […]
Home Builders Showing Optimism
30 Second Market Update
February 27, 2023
The United States Census Bureau released its New Home Sales report on Friday last week and it showed that sales of new single-family homes increased by 7.2% in the month […]
New Home Inventory Remains Tight
30 Second Market Update
February 21, 2023
The United States Census Bureau released its Residential Construction Report and it showed that in January, Housing Starts, which are homes that are starting to be built, were down 4.5% […]
Home Prices Hanging In There
30 Second Market Update
February 13, 2023
CoreLogic released its Home Price Index last week and it showed that home prices declined by 0.4% in the month of December across the country on average. Even though this […]
Powell Sees Inflation Decreasing
30 Second Market Update
February 06, 2023
The Federal Reserve met last week and as expected, they unanimously hiked the Federal Funds Rate by 25 basis points in an effort to curb inflation. This hike now brings […]
New Home Sales Rise for Third Month in a Row and Inflation Still Falling
30 Second Market Update
January 30, 2023
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported last week that New Home Sales rose by 2.3% in the month of December to an […]
Existing Home Sales Lower, but Better Than Expected
30 Second Market Update
January 23, 2023
The National Association of Realtors Existing Home Sales Report, which measures closings on existing homes, showed that sales were down 1.5% in December at a 4.02 million annualized pace. The […]
Inflation Trending Lower, Mortgage Rates Should Follow
30 Second Market Update
January 16, 2023
The Bureau of Labor Statistics released its Consumer Price Index report for December showing that overall inflation decreased by 0.1%. Inflation declined year over year from 7.1% to 6.5%. Both […]
Housing Market Cooling, but Not as Bad as You Would Think
30 Second Market Update
January 09, 2023
The National Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed home prices fell 0.5% in October. Year over year, we do see a cooling in […]
