Price Drops

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

Recession Probability

Pending Home Sales Down

Purchase Index

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.

Rent Data

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.

Rents Up

Bill McBride talks about rents increasing.

Enjoy!

Love,

James Orr
The Real Estate Financial Planner™