The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers--the Most on Record — Redfin
#MacroEdge
MacroEdge RESights
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MacroEdge RESights
@RESightsbyME
The RESights team of RE industry veterans provides critical and actionable data, insights, and advisory to institutions, investors, builders, & more.
- Married & own a home by 30 years old in America 1950: 50% 1960: 52% 1970: 48% 1980: 45% 1990: 43% 2000: 35% 2010: 25% 2025: 12% #RESights #MacroEdge
- 33.2% of single-family listings have taken a price cut this month, the highest February price cuts in over a decade #RESights #MacroEdge
- Since the federal government has begun mass layoffs, the median home price in Washington DC has dropped by $139,000 #RESights #MacroEdge
- There are 511,000 new homes for sale in the US, the highest inventory since October 2007 #MacroEdge #RESights
- Roughly 40,000 home purchases were called off in December, equal to 16% of homes that went under contract—the highest December percentage on record #RESights
- Redfin Reports New Listings Post Biggest Increase of the Yr While Homebuying Demand Plummets, Leading to Big Pool of Supply #RESights
- Home prices, adjusted for inflation, are up just 4.51% since Q1 2006
- Existing home sales in 2024 came in at 4.06 million, the lowest since 1995 #RESights
- Las Vegas’ housing market had its worst year of sales since the Great Recession in 2008. #RESights #MacroEdge
