This is one of most lucid financial reports I’ve read in quite a while. Thank you for the clear concise information. Eric, I don’t often see you on the financial talking heads YouTube videos (ie Wealtheon, thoughtful money etc). I think it would give you great exposure.
I like to post when I have something important to say. We spend most of our time working on reports and videos for our clients. Occasionally I go on some podcasts. I hope to do some more in the future.
Thank you for the well written article Eric! An observation I’ve made that I’d be interested to hear your thoughts on: it appears that with 10 year yield steady + weekly mortgage apps inching higher on a multi-month floor + affordability index bottoming, that buyer demand could be at a trough? Sales prices also held up because home builders are using rate buy downs and sellers still are unwilling to sell. So a possible picture is that sales volume is still declining because the bid and ask is too high - but the bid has already found a floor, so now the ask (sellers willing to sell at lower price) just has to move down. Wondering what your thoughts are on this?
Great report, no wasted words. My only gripe would be that it might be helpful to include or discuss population as a normalizer. All of the top inventory states have also had 10-20% population growth in the past decade, whereas the US officially only registers as +7%
This is one of most lucid financial reports I’ve read in quite a while. Thank you for the clear concise information. Eric, I don’t often see you on the financial talking heads YouTube videos (ie Wealtheon, thoughtful money etc). I think it would give you great exposure.
Thanks, Vic.
I like to post when I have something important to say. We spend most of our time working on reports and videos for our clients. Occasionally I go on some podcasts. I hope to do some more in the future.
Eric
Brilliant! As usual.
Thanks so much for sharing, John!
Great post. Thanks Eric to keep us up to date with your analysis.
Glad you liked it. These blog posts are a small piece of our overall Business Cycle Research coverage.
A very understandable and solid report - thanks!
Happy you found it informative!
Let’s factor in the immigrants who help build houses and tariffs. 😢
Thank you for the well written article Eric! An observation I’ve made that I’d be interested to hear your thoughts on: it appears that with 10 year yield steady + weekly mortgage apps inching higher on a multi-month floor + affordability index bottoming, that buyer demand could be at a trough? Sales prices also held up because home builders are using rate buy downs and sellers still are unwilling to sell. So a possible picture is that sales volume is still declining because the bid and ask is too high - but the bid has already found a floor, so now the ask (sellers willing to sell at lower price) just has to move down. Wondering what your thoughts are on this?
Great report, no wasted words. My only gripe would be that it might be helpful to include or discuss population as a normalizer. All of the top inventory states have also had 10-20% population growth in the past decade, whereas the US officially only registers as +7%