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 21, 2024…
Despite high mortgage rates, Redfin says early-stage homebuying demand just jumped to its highest level in 15 months.
CNBC reports that mortgage demand also inched higher last week.
According to Yahoo Finance, a survey of US homebuilder confidence shows sentiment at a 7-month high in November.
Still, Fannie Mae expects the recent mortgage rate run-up to keep existing home sales near historic lows through 2025.
Fast Company observes national active inventory up 29% annually in October. While that's 21% fewer homes for sale than we saw in October 2019, buyers have gained leverage in most markets this year.
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.