Jun 14, 2021
The second chart at this link is a both a bit dated (it’s from late April) and evergreen. I keep thinking about it. It follows a 20-year period (so don’t get too tied up in its implications on today’s inflation.) But compare the ratio of red-and-orange (houses under...
Jun 4, 2021
The latest NAR headline is “Virtually Every Metro Area Experienced Home Prices Rise in First Quarter of 2021”. The story is a mighty reflection on supply and demand. Almost every metro area tracked showed a YoY price increase, most with double-digit increases. TAMU’s...
Jun 2, 2021
Rather than more statistics, here’s an anecdote that hits the same themes we’ve discussed recently. I’m sitting in the bleachers at a little league game. The younger couple next to me is discussing their own efforts, and the efforts of their parents, to find houses in...
Mar 18, 2021
Odd times show up in odd ways. We are currently in a moment where podcasts are doing stories about people strapping on sandwich-board signs to try to find a house to buy. Meanwhile, builder sentiment shows early signs of decreasing and we (again) hit record highs for...
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...
