This is our 25th Mensiversary edition (our Silver Mensiversary so to speak) of the launch of the REIWeekly.info newsletter. I hope you’re enjoying out 25th edition! Maybe show your love by clicking on the heart icon to show you like it.

July Realtor.com Market Stats

Some good stuff in the latest Realtor.com Market Stats report for July, 2022.

• Number of active listings up (a good thing from the very low inventory we had)

• Number of total listings up (also a good thing)

• Number of newly listed homes down a bit but still above where we were in 2020

• Days on market still at all-time lows (selling stuff really, really fast)

• Median listing price stalled, but still holding strong

• Percent of properties with their price reduced up, but still below where we were in 2017 and 2018

Falling Home Price Predictions By County

Here’s the latest predictions for the next year and year after that from Forbes about what counties will likely see a drop in prices. Again, be careful about how you interpret this data.

Inventory and Sales Volume

Good update from Bill McBride about housing inventory and sales volume.

Mortgage Bankers Association Purchase Index

Special thanks to Lon Welsh for sharing the next few charts.

Mortgage Interest Rate versus Number Mortgages Locked

Number of New Construction Units Under Construction

Number of Home Sales Down

% Change of Home Sales Year Over Year

Home Values Not Going Up As Much

No surprise… last year was crazy. We don’t expect it to be the same this year.

Home Value Index

Recessions and Inflation

Realtor’s Confidence Index Survey

How are Realtor’s feeling about their markets across the US? Find out in the latest confidence survey from the National Association of Realtors.

Investors Continue to Purchase Homes

Interesting data from Redfin about how much investors are still buying.

Enjoy!

Love,

James Orr
The Real Estate Financial Planner™

P.S. This was pre-scheduled to be sent. I’m off this week to give myself some time and space to recovery from some therapy. Pardon delays in replies to emails, calls, etc.