Every year, transactions and prices tend to be above-trend in the summer while activity typically slows down in the winter. Seasonality plays an important role in the housing market since it has an impact on the housing demand and supply. In this post, we exclusively look at the (raw) non-seasonally adjusted numbers for existing home […]
Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey by the Federal Reserve Bank’s Center […]
Over half a million homeowners have moved into a positive equity position…
6 months later, those Spring sellers are now Fall / Autumn sellers. That’s awesome, because there’s less competition and more motivated sellers.
A recent article from a reputable news source was titled: “Here’s why some homeowners still can’t sell”. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance.
Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. Above the threshold, it’s a buyer’s market. Below the threshold, it’s a seller’s market.
I previously informed you about a study that revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019.
Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), though…
The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!