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Apologies for the tardiness of the August report. We’ve been doing some under-the-hood work. To make it up to you, I’m including Movers Moving Indexes for August AND September. Looking to Year-Over-Year MLS data for Lubbock, in September 2019 we saw a 17.7% decreas...

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 the...

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 gives us mixed signals. We know that nationally, home builders are 

Let’s start wide. I know this is the April report, but econ data lags. (Math is hard.)

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 histor...

I want to take a quick glance at where we seem to be headed, at a national level, in regards to new home construction. I think there is a correlation between these two posts – the ...

Looking at MSL date for January 2019, we see confirmation that over-all 2018 was slightly weaker than 2017 – I think, driven in part by a supply constraint, and by some volatility on mortgage rates, changes in the tax code related to home-ownership, and affordability ...

Looking Local as we close out 2018. MLS Data shows market-wide Months-of-Inventory at 3.6, and down to 7.5 in the Luxury space. This is consistent with 3.9 in the same period of 2017. December also gave us a fourth month of Average Sold Prices above $200k ($205k in Dece...

National commentators are having discussions around affordability. While Professor Schiller focuses on housing prices and calls the current market a