Weekly Market Observations — September 13, 2023
Wednesday, September 13
Here’s Our Weekly Market Observations : Mortgage applications drop to 27 year lowMultifamily permitting fell 32.2% YOY in JulyeXp Realty remains profitable while legacy brokerages continue to stack lossesAnywhere settles two antitrust lawsuits for $83.5 millionAverage 30-year fixed mortgage rates...
Soft Landing Or Crash?
Monday, September 11
Is the US economy headed for a recession soon? The Fed has been aggressively working to slow down the economy to a "soft landing." However, investors like Warren Buffett and Michael Burry seem to be preparing for a harder landing. Warren Buffett and Michael Burry have rattled financial markets w...
Weekly Market Observations - September 6, 2023
Wednesday, September 06
Here’s Our Weekly Market Observations : NAR reports that July existing home sales fell by 2.2% MOM and 16.6% YOYHousing inventory rose 0.1% YOYMedian home sales prices increased by 1.9% YOY to $406,700Keller Williams cuts profit-share for vested former KW agentsMultifamily permitting down by 32.2...
Weekly Market Observations — August 29, 2023
Tuesday, August 29
Here’s Our Weekly Market Observations : NAR reports that July existing home sales fell by 2.2% MOM and 16.6% YOYHousing inventory rose 0.1% YOYMedian home sales prices increased by 1.9% YOY to $406,700Keller Williams cuts profit-share for vested former KW agentsMultifamily permitting down by 32.2...
Weekly Market Observations — August 22, 2023
Tuesday, August 22
Here’s Our Weekly Market Observations : Top build-to-rent markets for units under construction include Phoenix, Dallas, and AtlantaRedfin CEO says housing market has hit “rock bottom”RE/MAX lays off 7% of workforceAverage 30-year fixed mortgage rates up sharply to 7.09%
Weekly Market Observations — August 15, 2023
Tuesday, August 15
Here’s Our Weekly Market Observations : US housing market valuation hits record $47 trillion according to Redfin Nearly 60% of metro areas saw home prices increase in Q2 Chicago leads the nation in apartment demand with demand outpacing supply by nearly 1,600 units Average 30-year fixed mortgage...