Gerry Bourgeois

Real Estate Dinosaur | Paid Attention Along The Way | Lots of Ideas | Real Estate Data, Economics & Tech | Occasional Opinions and posts.

[Eric Basmajian @EPBResearch]

https://t.co/EJ7SHJKmDw

[Lance Lambert @NewsLambert]

U.S. existing home sales by month

Resale turnover remains constrained

This is the raw adjusted data

Table via @ResidentialClub

[Charlie Bilello @charliebilello]

Average 30-Year Mortgage Rate in the US…
1970s: 8.9%
1980s: 12.7%
1990s: 8.1%
2000s: 6.3%
2010s: 4.1%
2020s: 5.3%
---
All-Time Low (Jan 2021): 2.65%
2023 Peak (Oct 2023): 7.79%
Today's Rate: 6.38% (highest since Sep 2025)

[Barchart @Barchart]

30-Year Treasury Yield closed at 4.98%, getting very close to the highest level since the run-up to the Global Financial Crisis 👻😱👀

[The Kobeissi Letter @KobeissiLetter]

Current situation:

1. US inflation expectations have surged to 5.2%, 3-year high

2. The Russell 2000 is officially in a technical correction

3. US gas prices have risen nearly +45% in four months

4. Interest rate futures are now pricing-in potential rate HIKES

5. Gold prices are down -$1,000/oz from their record high

6. Mortgage rates have risen 50+ bps to new 2026 highs

We are witnessing colossal economic change on a daily basis.

[Mortgage News Daily @mortgagenewsmnd]

Mortgage Rates Move Back Above 6.5%
30 Yr. Fixed: 6.53% (+0.10% ▲) | 15 Yr. Fixed: 6.07% (+0.05% ▲) |
https://t.co/0YC6AR1Eat

[E.J. Antoni, Ph.D. @RealEJAntoni]

Initial UI claims still very low at 205k, and continuing claims remain below 1.9 million; for all the news of layoffs and lousy jobs numbers, we're still not seeing this apparent weakness show up in unemployment claims:

[Odeta Kushi @odetakushi]

New home share of total inventory remains historically elevated, but is moving back toward normal.

[U.S. Census Bureau @uscensusbureau]

Sales of new single-family houses in January 2026 were at a seasonally adjusted annual rate of 587,000. This is 17.6% below the revised December 2025 estimate of 712,000.

🏠 https://t.co/1CX3c9yBAv

#CensusEconData #NewResidentialSales

[Karoline Leavitt @PressSec]

EXPANDING ACCESS TO HOME LOANS: Today, President Donald J. Trump signed an Executive Order to reduce regulatory burdens that have driven up mortgage costs, limited access for creditworthy borrowers, and weakened community bank participation in lending.

https://t.co/NvqoHScXKa

[Lance Lambert @NewsLambert]

U.S. existing home sales total 257,000 in February 2026

Since 2000, February has averaged 310,000 U.S. existing home sales

Resale turnover remains constrained

Table via @ResidentialClub
Data via @nardotrealtor

[Gerry Bourgeois @RealtyMan]

@mikesimonsen Depending on which day you’ll be in Boston it may actually be slightly above freezing.

[Gerry Bourgeois @RealtyMan]

@AQ_MND Up In Smoke

[Gerry Bourgeois @RealtyMan]

@mikesimonsen Excellent work, Mike!

[Gerry Bourgeois @RealtyMan]

@mikesimonsen Foursquare was the best. I remember topping the leaderboard at ICNY back in the day.

[The Wall Street Journal @WSJ]

Exclusive: The two largest real-estate brokerages have agreed to merge. Compass will acquire Anywhere, the parent of Century 21 and Coldwell Banker, for $1.6 billion. https://t.co/A89zwrRdeI

[Gerry Bourgeois @RealtyMan]

@realEstateTrent “Do It Again” -Steely Dan

[Gerry Bourgeois @RealtyMan]

@mikesimonsen @AltosResearch Looking forward to see what’s next, Mike. I’m sure it’ll be interesting. I love the Advanced Analytics from @AltosResearch and use it almost every day.

[Gerry Bourgeois @RealtyMan]

@mikesimonsen Slick! Nice work.

[Gerry Bourgeois @RealtyMan]

Ironic

[Daily Loud @DailyLoud]

Zoom tells employees to return to office for work