Key notes from NAHB on homebuilder confidence, how builders are making deals with buyers right now, and how many homes are getting built.
Housing
To promote both Zillow ChatGPT & Redfin ChatGPT home search launching, here's LOL satire about Zillow & Redfin bots going to war!
March 2023 pending home sales drop on low inventory, new home competition, and probably bank crisis worry. Here's home price predictions too.
New home prices of $449,800 are up $11k from Feb but down $47k from peak. Can you afford this? You need to make $99k-117k/yr to qualify. Here's the math.
Nationally, rents are down in the year through March 2023, but rents rose in 81.4% of states. Here is a rundown of key national, state, and city stats.
John Burns has a good update on price trends for renting houses. This isn't the whole market, but it's a good temperature check on homes owned by institutional landlords.
Gen Z homeownership 30% in 2022 vs. 28% millennials 27% Gen X, 32% boomers when they were 25. Here's the affordability math for 2023.
Existing home sales down 13 of 14 months, and home prices now $375,700 for 87% of inventory. Is this affordable? Here's the math.
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