Real Estate Investor Weekly #22 - August 1, 2022
The best content this week for real estate investors from around the web.
Bill McBride talks about seasonal inventory changes and has this chart of price drops.
Longer to Sell Properties
Special thanks to Lon Welsh for sending these over.
New Home Sales Likely to Slow
Pending Home Sales Down
Combined Purchase Applications and Pending Home Sales
Latest Case-Shiller Data Released
Bill McBride summarized the latest Case-Shiller data that was released this week (this was data from May). Still my favorite chart (of several) from it.
Odds Of Market Correction By Market
Special thanks to Jassen Bowman for sending this over. Send me great stuff to get a shout out just like this.
You have to be really careful about intepreting charts like the one below. If inventory was abnormally and extremely low, seeing an increase in inventory may be just a bump in the right direction. For example, if there was 1 foreclosure in the previous month and there were 2 the next month… that’s a 100% increase. Seems extreme until you realize it went from 1 to 2. 2 foreclosures in a month in a market is not scary even though saying it increased by 100% month over month can sound scary. Keep this in mind as you interpret all charts from all sources (not just this one from this one source).
Here’s the article in Fortune.
Some good rent data from Realtor.com for June, 2022.
Bunch of Updated Case-Shiller Charts
Thanks for John Wake for updating a bunch of charts with the latest Case-Shiller data.
Realtor’s Confidence Index
Latest report for June 2022.
Price to Rent Ratio
Newest data (from May) for price to rent ratio and real home prices from Bill McBride.
Flip Percentage By Market
Some great data about flips by market and odds of market correction too.
Bill McBride talks about rents increasing.
The Real Estate Financial Planner™