Feb 15, 2021
On several fronts, the housing market has been unusual through 2020. We’ve discussed Months-of-Inventory, which remain very low, and building permits. We’ve discussed the effect of historically low interest rates for home mortgages. Look at the daily legal filings and...
Jan 13, 2021
I talk a lot about inventory, Months-of-Inventory, and the like, but it is historically low. There are explanations for this, but the bottom line (literally) is what it means for prices. Depending on the data source, the details vary, but the consensus is that prices...
Dec 15, 2020
Looking at November 2020 MLS reports, we see a continuing seasonal trend of lower inventory and sales. We also see a continuation of the non-seasonal, 2020-special overall reduction of inventory. Ending in November, we sat at 732 units of inventory (versus 778 in...
Nov 16, 2020
It’s not too early to wish 2020 was over, is it? Let’s stay away from the news and look at a projection for next year. Nationally, we are on pace for 820,000 new-home sales in 2020, and total housing starts around 1.36m. This post amalgamates some 2021 projections....
Oct 18, 2020
We all know the real estate maxim of Location, Location, Location. The wider economic corollary may well be Supply, Supply, Supply (or Demand, Demand, Demand – depending on the date.) The national trend is a Months-Supply-of-Inventory pegged well below the balanced...
