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...
Real Estate Market Outlook
Monday, August 14
Below is an excerpt from last week's Invested Equity Passive Investor newsletter, where I shared some of my thoughts on the market. Align to the left Align in the middle Resize to full width Align to the right Add a link to the embedded image Add alt text Delete image Single-family home r...
Weekly Market Observations - August 9, 2023
Wednesday, August 09
Here’s Our Weekly Market Observations : July jobs report lower than expected with 187k jobs added Fitch downgrades US credit rating Texas takes two of the top 3 markets for most jobs created YOY Multifamily permits and starts down MOM and YOY Average 30-year fixed mortgage rates up slightly to ...
Weekly Market Observations - August 1, 2023
Tuesday, August 01
Here’s Our Weekly Market Observations : The Fed hikes rates 0.25% to a 22 year high US Q2 GDP grew at 2.4% Pending home sales in June up 0.3% from May but down 15.6% YOY CBRE survey shows many believe cap rates are peaking Average 30-year fixed mortgage rates up slightly to 6.81%
Weekly Market Observations - July 25,2023
Tuesday, July 25
Here’s Our Weekly Market Observations : Recession predictions now 50% or less according to business economist survey June home resales drop 18.9% YOY, a 14 year low Median home resale prices increased to $410k in June, the 2nd highest price on record since 1999 The Fed is encouraging banks to wo...
Housing Market Fundamentals
Monday, July 24
There continues to be a lot of negativity surrounding the real estate market. Contrary to most news headlines, the housing market fundamentals remain strong. It all comes down to supply and demand: Steady Demand: Rising mortgage rates have decreased the demand for housing, but demand remains str...