This number amazes me: US homebuying pace, sales as a share of households, is at a 40-year low. Sounds kinda like a “crash” to me! (cc: @JohnWake@NewsLambert@mikesimonsen)
@mikesimonsen Could any of this listings drop be tied to all the MLS “controversy” over what/when homes can be listed? Are this year’s numbers actually comparable to previous years? If nothing else, this mess may scare off some sellers.
@mikesimonsen@jimmydean197 By the same logic dismissing an uptick in late mortgages as expected, any 2026 home sales increase isn’t worth much as it’s a rebound off significant lows. Yes?
@housereports Sales are NOT demand. Sales are the result of the interaction of supply and demand — and price. And homes are badly overpriced. Demand is better tracked by watching the job market. https://t.co/hGBr1R0YcS
@NewsLambert When new homes were once affordable, they were primarily built by modest-sized privately owned regional companies. Now the industry is dominated by Wall Street-backed giants. Affordability is gone. Coincidence?
SCNG is honored to be recognized as a finalist for the @PulitzerPrizes in Breaking News Reporting for our coverage of the Eaton and Palisades fires. Congratulations to the entire news staff for this well-deserved recognition. Read more: https://t.co/zNGJYqUg6Z
@JohnWake The landlord advocates’ math is a classic example of what’s wrong with most real estate analysis: it’s myopic, looking through the lens of whatever silo is paying the bills.