Bluebid Buzz: December 21

The Bluebid Buzz is a regular summary of housing market news and data driving our decision-making at Bluebid Homes.

Here's the Buzz for the week of December 21, 2023…

• Bloomberg digs into the state of the US housing market, and there's plenty of cause for optimism. The publisher noted a series of reports which show the market coming back to life: Housing starts hit a 6-month high, existing home sales picked up from a 13-year low, and Americans' home-buying plans rose this month by the most in a year.

• The National Association of Realtors notes home sales have begun to rise, and a recent surge of construction should mean more inventory for buyers in the new year. 

• Zillow believes many homeowners and would-be sellers are growing tired of waiting for low interest rates to return. The company expects more of them to list their homes for sale in 2024, according to Yahoo Finance. 

• Business Insider points to sinking mortgage rates as the leading contributor to improved inventory and sales, as November listings and pending home sales reached their highest levels in a year.

• If you haven't downloaded the latest version of our iPhone app, version 1.17 is available for download in the App Store and contains a number of useful enhancements. 

Have a great week.

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Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.