Why are home prices still rising even as mortgage rates have gone higher? A number of…
Tag: Housing Inventory
Why housing demand is now showing year-over-year growth
We have had three weeks of positive year-over-year growth in both purchase application data and weekly…
How have two hurricanes impacted housing inventory?
Here are new listings for last week over the past several years: 2024: 62,876 2023: 57,229…
Have higher mortgage rates already reversed housing demand?
The Federal Reserve cut rates by 0.50% on Sept. 18 and mortgage rates and bond yields…
Housing demand firming up with lower mortgage rates
Housing demand is very seasonal, so the fact that our pending contract data is firming up…
Chicago housing market normalizing after unprecedented volatility during the pandemic
Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago. People…
Are these the lowest mortgage rates we’ll see in 2024?
Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride…
Lower mortgage rates attracting more homebuyers
An often misguided premise I see on social media is that lower mortgage rates are doing…
Can mortgage rates go even lower?
If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage…
Will homebuyers come back this fall?
This week the available inventory of homes for sale inched down across the country. It was…