March 2024 Housing Market Update: New Listings spike
Sellers are listing their homes at a higher pace to start 2024 compared to the previous year. And they're also cutting the price more - especially in Florida.
Nick Gerli
Austin, TX in Free Fall. Home Prices Continue to Drop.
Home Prices continued dropping fast in Austin as well as other parts of Texas in October 2023. Meanwhile, home prices kept surging in the Northeast.
Home Prices drop again in October. 4th Month in a Row.
Home prices dropped again in October 2023 as sellers displayed more urgency to sell their house, particularly in high inventory growth states like Arizona and Florida.
Houses are about to get a lot Smaller.
The average size of a house has increased by 250% since 1950. A trend which is now going into reverse as affordability constraints and demographic shifts cause American homebuyers to favor smaller houses.
It was a bad week for the US Economy. What will Home Prices do in Response?
The US Economy looks to be headed for a downturn with job openings declining and the unemployment rate increasing. Will Home Prices go down in response?
Will Mortgage Rates hit 8%? Powell signals "Higher for Longer"
Mortgage Rates could hit 8% with Jerome Powell and the Fed signaling that more rate hikes could be on the horizon. How long can the Housing Market sustain current prices until a crash comes?
Top 10 Cities where Sellers are Cutting the Price
Sellers are back to cutting the price in the 2023 Housing Market, particularly across states like Texas, Colorado, and Idaho. The following post is a list of the Top 10 Cities with the most price cuts.