…the effect on US prices have been polar opposites. US oil is tightly integrated in the global market. Prices of US oil rise when Persian Gulf oil goes offline as…

– by New Deal democrat The final note from yesterday’s data is concerning new home sales, and more importantly at the moment, prices. As a general refresher, new home sales…

…sales, since the pandemic the dynamics that have been more important have been prices and inventory. Because during the pandemic prices skyrocketed, and inventory cratered. It has been a long,…

With the recent surge in oil prices I thought it would be useful to look at the potential impact with one set of data I watch. It is energy as…

…markets are inherently local, and so different real estate markets can behave very differently. The following picture shows the 6-month change in house prices in several “hot” housing markets, with…

…since October 2019, which was when the big decline started, while total listings are down over 50% since then. In the “the cure for high prices is, high prices” department,…

Driven by frozen inventory, repeat home prices continue to increase, but downward pressure on shelter inflation remains  – by New Deal democrat Our last piece of important housing information for…

Repeat home sale prices may be easing back into their pre-pandemic YoY range  – by New Deal democrat As I forewarned last week, this holiday week is very light on…

Repeat home sale prices continue rebound; rents continue decline  – by New Deal democrat Since the Fed started raising interest rates almost two years ago, homebuilding has shifted away from single…

…annualized range.  In the past several years I have been looking for the new and existing homes markets to rebalance. Existing home inventory has been removed from the market for…