Monday, June 16th, 2014

Price growth. It has been the result of low inventory in the market these days, and it would appear that the duration of the summer market will continue to see an increase in year-over-year median sales price. If inventory makes a significant leap, pe…

Posted in Weekly Report |
Monday, June 9th, 2014

Sales are generally coming in slower this year compared to last year, and the market continues to find its way toward balance despite relatively low inventory. This may trick the housing novice into believing that the U.S. market is headed for a disap…

Posted in Weekly Report |
Monday, June 2nd, 2014

The yellow brick road to complete housing recovery has the trees whispering of rising home prices and low inventory. Luckily, these trees won’t throw apples at us. Even though improvements appear flat in nature as we progress through each month,…

Posted in Weekly Report |
Tuesday, May 27th, 2014

Higher prices gave sellers reason for optimism in early 2014. As prices stabilize, some are sensing the formation of a counter-trend. Silly rabbits. Price alone does not determine the state of the housing market. Number of sales by housing segment, th…

Posted in Weekly Report |
Tuesday, May 20th, 2014

April showers bring the Speedwell. This could have been the mantra if 1620 had gone differently (go ahead and Google it). Either way, the May flowers are rising high even as mortgage rates stay persistently low, which helps boost affordability regardl…

Posted in Weekly Report |