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  • Writer's pictureChris Mackey

BlueBid Buzz: June 28

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 June 28, 2024…


  • It's an ugly news cycle in the housing market this week thanks to an ugly combo of weakening demand, rising supply, and elevated prices.

  • With a lot of talk around rising inventory in the housing market, it's important to point out, as the St. Louis Fed does here, that active listings are still well below pre-pandemic levels.

  • Bank of America warns high mortgage rates and even higher home prices will keep the housing market 'stuck' until at least 2026, according to CNN.

  • Zillow says the quick rise in mortgage rates this spring pulled housing demand lower, leading to a rise in both resale as well as new home inventory.

  • Redfin writes the typical home is selling for less than list price, a rarity in the late spring housing market.

  • The aforementioned ugliness is part of the reason droves of sellers continue to join BlueBid - where they can explore selling without the pressure and risk of published days on market and price history.


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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