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2023 was the bottom. What 2024 Holds?

January 2024 National Real Estate News 2023 was the bottom Over the course of 2023, just over 4 million existing homes changed hands. That was 19% below the 5 million sold in 2022 and 33% below the 6.1 million sold in 2021. Affordability and availability continue to be the twin issues, but there are encouraging... Read more »
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Inventory gets interesting

The number of homes available for sale (“inventory”) follows a regular, seasonal pattern: lowest in the winter, highest in the summer. Inventory would normally be falling by this time of year – but so far it hasn’t. That’s an encouraging sign for buyers because: 1) more homes = more opportunities, and 2) rising inventory levels... Read more »
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Inflation elation

What’s Up with Real Estate? National news and local views for the week ending Friday, November 17, 2023 Inflation elation Both the CPI (Consumer Price Index = inflation for you and me) and the PPI (Producer Price Index = inflation for companies) trended downward more than expected in October. “Headline” CPI dropped to +3.2% YoY (from... Read more »
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What’s Up with Real Estate?

What’s Up with Real Estate? National news and local views for the week ending Friday, November 10, 2023 National Real Estate News Further rate relief Treasury bond yields and mortgage rates continued to drift lower, with the average 30-yr mortgage rate dropping below 7.5%. Even though Fed Chairman Jerome Powell very explicitly kept the door open... Read more »
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Home price declines may already be over

What’s Up with Real Estate? National news and local views for the week ending Friday, June 2, 2023 Peter Kedzior The latest national news and local market states. National Real Estate News Home prices rising again The Case-Shiller national home price index rose 0.4% month-over-month in March, after rising 0.3% MoM in February. 15 out of... Read more »
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Peter

Kedzior

Broker Associate

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Looking to Buy a Home?

2023 was the bottom. What 2024 Holds?

Inventory gets interesting

Inflation elation

What’s Up with Real Estate?

Home price declines may already be over

Peter

Kedzior