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Writer's pictureChris Mackey

The Buzz: October 25

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 October 25, 2024…


  • New data shared by CNBC shows September existing home sales dropped to a seasonally adjusted, annualized rate of 3.85 million units. That's the slowest pace on record since October 2010.

  • Pending sales suggest strengthening demand, however, as Redfin calculated accepted offers for the four weeks through October 13 up 3.2% annually.

  •  Recent commentary from Fannie Mae has home price growth decelerating in 2025 as affordability remains stretched. 

  • Yahoo Finance observed single-family housing starts up 5.5% year-over-year in September.

  • HousingWire says weakening demand for distressed homes at present foreshadows continued weakness in the retail housing market into early 2025.


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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