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  • Writer's pictureChris Mackey

Bluebid Buzz: January 26

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 January 26, 2023…

  • Reuters reports that existing home sales fell 17.8% in 2022, the lowest annual total since 2014 and the sharpest annual decline since 2008. On the bright side, the author says the embattled housing market could be close to finding a floor.

  • CNBC reports early demand signals, as mortgage applications jumped another 7% last week.

  • Here are the 10 states that are losing the most residents, according to MoneyTalksNews. Massachusetts checks in at #5 on the list.

  • Even still, Forbes says the average rent in Boston has surpassed New York City and now trails San Francisco by only $60.

  • Axios shares that Realtors across the country foresee an increasingly buyer-friendly housing market in 2023, a major shift from the frenetic and expensive pandemic-era housing boom.

  • No sugarcoating this one: Business Insider says first-time homebuyers are still royally screwed.

  • A recent survey from NerdWallet finds Americans wildly misinformed on the housing market. While 83% of Americans say purchasing a home is a priority, data suggests many buyers have unrealistic price expectations. Don’t these people read the Buzz?!?

  • We always say your home is only worth what someone is willing to pay for it. While estimates can provide a great starting point, Yahoo Finance shares the cautionary tale of Zillow’s over-reliance on estimates forcing the company to shutter its massive home-buying business. A big part of our mission is to educate owners via private offers (and without published days on market).

Have a great week.


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