Pivotal Turn in the Housing Market
30 Second Market Update
May 08, 2023
It seems that home prices have reached an inflection point and are on the rise once again. Black Knight reported that home prices rose 0.5% in March. This followed a […]
Existing Home Sales Deeper Dive
30 Second Market Update
May 01, 2023
The National Association of Realtors released their Existing Home Sales report which measures closings on existing homes. It showed that the sale of homes across the nation was down 2.4% […]
Housing Inventory Tight, Demand Still High
30 Second Market Update
April 24, 2023
The National Association of Realtors Existing Home Sales Report, which measures closings on existing homes, showed that sales were down 2.4% in March at a 4.44 million unit annualized pace. […]
Inflation Trending Lower
30 Second Market Update
April 17, 2023
Last week the Bureau of Labor Statistics released their Consumer Price Index inflation data. It showed that, for the month of March, the Consumer Price Index (CPI) showed that overall […]
Home Prices Hanging in There, Demand Still Strong
30 Second Market Update
April 10, 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 0.5% in January on a non-seasonally […]
Pending Home Sales Stronger Despite the Media’s Take
30 Second Market Update
April 03, 2023
The National Association of Realtors released their Pending Home Sales report for the month of February, and it showed that signed contracts on existing homes increased by 0.8%. This marks […]
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% […]
