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 November 14, 2024…
The National Association of Realtors weighs in on home sales, mortgage rates, election results, and where NAR economists believe the housing market is headed in 2025.
CNBC breaks down what the Trump presidency could mean for the housing market.
According to Yahoo Finance, the latest CPI report shows housing costs accelerated in October. Shelter and food costs continue to weight heavily on the Fed's fight against inflation.
Redfin says 22% of Americans are more likely to move now that the election is over, and BlueBid's read on pre-market activity tells a similar story. After a relatively sluggish September and early October, we've observed a surge of pre-market sellers joining the platform over the last 30 days. Many of those sellers will transact in the coming months.
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.