Inventory is down year over year, but months of supply says the market is functioning
Inventory is down slightly year over year, but active supply near 1.54 million and 4.6 months is holding price growth to 2.0%.
Housing Market
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Mortgage spreads keeping housing demand intact for now
Mortgage spreads at 2.01% are keeping 2026 mortgage rates near 6.74%, supporting pending sales and limiting year-over-year declines.
Will the negative jobs report hold off a September rate hike?
July payrolls fell 23,000 and revisions cut 103,000, while wage growth slowed to 3.2%, sharpening the Fed’s September decision.
The housing market defies expectations even with higher rates
Last week, as the 10-year yield hit 4.74%, weekly pending sales rose to 69,109 and while inventory increased to 872,932.
AI’s housing impact is strong — but highly localized
While more than 40% of listings nationally are seeing price cuts, some AI hubs — particularly San Francisco — continue to prove resilient.
Hawks Lorie Logan and Beth Hammack run the Fed for now
Even though the Federal Reserve didn’t hike rates today, the hawks won three key victories with higher nominal and real yields.
Real estate brokers say rising mortgage rates derail early 2026 housing rebound
Mortgage rates rose from 6.23% to 6.94% after Iran conflict escalation, and brokers now expect about 4 million home sales in 2026.
Home sales are positive but higher rates slowing demand
Spreads were 1.94%, keeping rates below 7%, while purchase apps were up 0.2% yearly and pending sales held near flat.
Don’t fall for a fake foreclosure crisis
A 21% rise in foreclosures reflects normalization, not a crisis, as new listings stay low and homeowner equity remains high.
Investors list more homes after ROAD to Housing Act, but impact may stay local
New data shows listings of single-family rental homes owned by institutional investors have more than doubled since early February.