top of page
  • Writer's pictureChris Mackey

Bluebid Buzz: September 14

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


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 September 14, 2023…

  • The key theme this week is - surprise, surprise - limited inventory. No matter where you turn, supply shortages are driving prices higher at a time when mortgage rates aren't doing buyers any favors.

  • CNBC reports mortgage demand has stalled at a level not seen since 1996.

  • With existing inventory barely budging from all-time lows, researchers from Harvard University observe more buyers turning to the new construction market.

  • According to Markets Insider, home affordability gets worse for millennials and Gen Z, as student loan payments are set to resume in October.

  • Benzinga writes that demand for vacation homes sits near a 7-year low due to high housing costs and return-to-office mandates.

  • No matter the macroeconomic landscape, millions of Americans need to sell each year - and Redfin outlines the most common reasons for doing so in the current market.

  • Yahoo Finance writes about a new company that says it can wind back the clock on rates, offering access to mortgages as low as 2%.

  • A recent survey from the National Association of Realtors finds that limited inventory is one of the largest current barriers to purchasing a home. This is why we built our platform. Off-market listings from Bluebid Homes offer frustrated buyers incremental new inventory, and the company just surpassed 1,600 houses.


Have a great week.



コメント


bottom of page