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  • Writer's pictureChris Mackey

BlueBid Buzz: June 6

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 6, 2024…

  • The New York Post says the number of homes for sale in the United States is slowly returning to normal.

  • Even with inventory on the rise, Newsweek reports rising prices and elevated borrowing costs mean the housing market just keeps getting worse for buyers.

  • Mortgage demand fell for the second straight week and 30-year rates rose slightly, according to CNBC.

  • A recent survey by Redfin finds that housing affordability is Gen Z's top voting issue, outweighing the overall economy and other hot button issues.

  • Zillow digs into data from the U.S. Census Bureau and finds cities with the largest recent population growth have two factors in common: affordability and relatively high inventory.

  • The National Association of Realtors observes built-for-rent housing starts on the rise.

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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