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  • Writer's pictureChris Mackey

Bluebid Buzz: February 1

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

Here's the Buzz for the week of February 1, 2024…

  • The limited supply of houses for sale - which keeps prices elevated - continues to weigh down the housing market, as CNBC writes mortgage applications fell 11% last week from the previous week.

  • Home prices are showing a moderate slowdown in price gains, however, as the latest S&P Case-Shiller national home price index data broke a streak of monthly gains that began in January 2023.

  • Moody's Analytics tells Newsweek to expect home prices to go sideways or down for 2-3 years as incomes and mortgage rates catch up and affordability is restored.

  • Fast Company shared an interactive housing market map which shows home price analysis for over 3,000 counties.

  • Inventory continues to pile up on Bluebid ahead of what looks to be a busy spring in the housing market. If you're thinking about selling, consider requesting a free market report via your homeowner dashboard.

Have a great week.

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.


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