Bluebid Buzz: December 22
As a benefit to the homeowners and homebuyers using our platform, I share a regular summary of housing market news and data driving our decision-making here at Bluebid Homes. We call it the Bluebid Buzz.
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.
Here's the buzz for the week of December 22, 2022…
November marked the 10th straight month of home sale declines according to CNBC. Even still, the national median sales price rose 3.5% annually in November.
Closer to Bluebid HQ, Boston.com reports continued housing market inefficiency, as single-family home prices in Massachusetts are up 3.9% annually despite unit sales being down 29% year-over-year.
According to Business Insider, Wall Street landlords have earmarked up to $110 billion to scoop up single family homes as buying conditions improve. Pending corporate landlord investment adds an exclamation point to Bluebid’s mission of protecting the American Dream of homeownership.
Yahoo Finance says the supply shortage isn’t going away and keeps prices elevated, with new home listings down 22% annually.
Zillow has released a list of its most popular cities and towns for 2022, and New England claims both the most popular small town (Windham, NH) and seaside town (Beverly, MA).
With housing costs continuing their upward march, WSJ offers a detailed account of how landlords are feeling the pressure.
Happy holidays from our family to yours! By popular demand, we’ve added the ability for owners to add qualitative descriptions of their homes and for buyers to filter searches by home value estimates and owners’ price to move. These changes and other improvements are now live on our website, while the Bluebid iOS app will be updated in the coming week.
Have a great week.