The hottest Home Sales Substack posts right now

The U.S. stock market is down, with the S&P 500 dropping 6% this year due to economic worries. Many people are feeling uncertain about the economy right now.
Pending home sales in the U.S. have hit an all-time low, even worse than during the 2008 financial crisis and COVID-19. This is a significant sign of trouble in the housing market.
There is a lot of volatility in the financial markets due to government changes and spending cuts, creating questions about whether current market conditions are a good buying opportunity.

Existing home sales are predicted to be around 4.09 million for January, showing a slight drop from December but an increase from last year.
The average sale price for homes has risen about 5% compared to a year ago, indicating a continuing trend in increasing home values.
The expected real interest rates have returned to levels similar to before the financial crisis, suggesting a more stable economic outlook.

Existing home sales stayed steady at an annual rate of 4.15 million in December, the same as November. This shows slight improvement compared to the previous year.
The average price of existing single-family homes increased by about 5.6% compared to last year. This indicates that home values are generally rising.
The upcoming report from the National Association of Realtors is expected to show even higher sales this month. If confirmed, it would be a third month of increasing year-over-year sales.

New listings of homes were up by about 5% compared to last year, but they are still much lower than normal levels seen before the pandemic.
The drop in mortgage rates starting in mid-August encouraged more homeowners to list their homes for sale, which is expected to continue even in the colder months.
Weather events like Hurricane Milton affected home listings and sales in certain areas, particularly in Florida, showing that local conditions can impact the overall housing market.

Mortgage rates have jumped to 7%, which is making it hard for people to buy new homes. As a result, new home sales have dropped significantly, the worst drop since 2013.
Building permits for new homes are also falling, which often happens before recessions. This suggests that fewer homes will be built in the near future, putting pressure on the housing market.
There are a lot of new homes waiting to be sold, the highest number since 2009. If this trend continues, it could lead to a drop in home prices.

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Existing home sales increased in November, reaching an annual rate of 4.09 million. This is a 3.3% increase from October and 4.6% higher than last November.
The median price for existing single-family homes went up by about 5.3% compared to last year. This suggests a growing demand in the housing market.
There is ongoing discussion about the 'neutral' interest rate, which affects how restrictive monetary policy is. Recent economic growth may lead to higher estimates of this rate among officials.

Land auctions could be a promising approach for accurate land valuation without the need for land assessors.
Through auctions, land values can be accurately determined by separating land and property sales.
The bargaining dynamics in post-auction home sales can impact prices but can be managed through tax rate adjustments.

In January 2024, new home sales were reported at a seasonally adjusted annual rate of 661,000, showing a positive trend compared to the previous year.
The median new home price has dropped by 15% from its peak, indicating potential shifts in the real estate market.
Inventory levels for new homes show variations, with completed homes for sale at a level close to the norm, while homes under construction are high but below previous peak levels.

The final look at local housing markets in January showed low existing home sales but an increase in new listings for the fourth month in a row.
Active listings in January were up 3.0% year over year, highlighting the importance of monitoring inventory trends in the coming months.
Closed sales in January saw a 3.0% increase year over year, revealing differences from sales in January 2019 and hinting at potential sales growth in February.

December home sales in 2023 were the lowest since 1995.
Inventory of homes dropped in December but increased compared to the previous year.
Home prices are increasing, but fewer investors are buying homes.