July 2019 Market Report

I’ve written about how this housing expansion feels different from past expansions. I read a post today that might explain that feeling. While I’ve pointed at the interplay of input costs and labor, the post’s charts, and the corresponding analysis, posit that there...

June 2019 Market Report

People like fast reads in the summer, so I’ll keep it short. Local MLS data through the end of July 2019 showed supply constraint on Existing Home sales. Months-of-Inventory sat at 2.5, with total listings pegged at 1170. Compared YoY, that is over 200 fewer listings,...

May 2019 Market Report

May gives us mixed signals. We know that nationally, home builders are viewing the moment with confidence. We know from local MLS data that we are climbing the seasonal wave towards our usual Summer peak. But we also know that YoY May gave us a decrease of 2.7% in...

April 2019 Market Report

Let’s start wide. I know this is the April report, but econ data lags. (Math is hard.) On a national-basis, it appears YoY prices increased 3.7% in March. See here. CoreLogic further projects a 4.8% increase (YoY) for April. At least one industry economist is drawing...

March 2019 Market Report

Simon Johnson is an economics professor at MIT’s Sloan School of Business, a former Chief Economist at the IMF, and a well-known blogger at BaselineScenario.com. You can draw your own conclusions about where he lands politically, in part based on his publishing...