The Fed needs to deflate assets
One way for JPow to bring down headline inflation is to simply correct the housing market.
Fed says housing market needs a ‘reset’
JPow says to buyers, you need a bit of a reset.
Data Sources – ShowingTime
ShowingTime shares weekly showing traffic, updated daily.
Data Sources – Altos Research
Altos Research shares a dashboard of weekly data, updated Fridays.
Data Sources – Redfin Data Center
Redfin shares 4 week average data, updated weekly.
Show me the data
I’ve noticed that a lot of people only look at the data that shows up in the news and don’t know how to look up the most recent data for themselves, on their own market. Buyers – look up the data yourself so you can make an educated decision on how to maneuver in this… Read More »Show me the data
Zumper reports a drop in San Diego rents
In the last month Zumper is reporting a big rent drop in non-studio apartments in San Diego. This is kind of surprising! I was sort of expecting a drop in the fall, but didn’t think that it would happen this early. I’ll be watching this closely as well as looking for corroboration from some other… Read More »Zumper reports a drop in San Diego rents
Demand dropped, inventory building
Since I was writing up the overall sentiment of the market, I figured it’s only fair I share my own thoughts. As I’ve mentioned before, I’m not an analyst or anything so this is just one buyer’s thought process. Being new to this whole world, I figured I’d mentally set expectations and see if the… Read More »Demand dropped, inventory building
May ’22 Sentiment Check
Another month in the wild housing market of 2022 goes by so I’m going to update the sentiment check. Media Home prices surged over 20% in March as interest rates also rose CNBC reports that home prices have surged 20% year over year and that “Rising mortgage rates did not slow down rising home prices… Read More »May ’22 Sentiment Check
Eyes on Canada
One interesting RE market to watch these days is Canada. It appears to be a few months ahead of the US in terms of a possible housing correction. Granted, the market in Canada is different in many ways – their loans tend to be 5 year fixed loans and they never had a crash in… Read More »Eyes on Canada
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