A Home for Everyone? Zillow's Real Estate Update Reveals Clue

March 2023 Zillow Housing Market Update

Are you ready to take a deep dive into the latest trends and insights shaping the housing market today?

In this article, we'll guide you through ten real estate market graphs from Zillow that offer a comprehensive understanding of the current landscape. From changing home values to shifting demand activity, we'll reveal the key factors driving the market and explore how they could impact your buying or selling decisions.

Join us on this exclusive journey and gain valuable insights into the real estate landscape, presented in a detailed and easy-to-understand format. Let's begin our exploration!

Holistic Approach Required To Understand Housing

To truly understand the current housing market, relying on a single metric can be misleading and inaccurate. While metrics such as home prices or inventory levels can provide a general idea of market performance, they only paint a small picture of the complex and multifaceted housing market.

For example, if home prices are rising, it doesn't necessarily mean the market is healthy or an ideal time to buy or sell. Instead, a price increase could be due to a lack of inventory, low-interest rates, or high demand in specific areas. It could also indicate a speculative bubble that could burst at any moment.

On the other hand, metrics such as housing starts, building permits, mortgage delinquency rates, and foreclosure rates can provide valuable insight into the market. Examining multiple metrics is crucial to gaining a comprehensive understanding of the housing market's trends, challenges, and opportunities.

For instance, if housing starts and building permits are decreasing while prices are increasing, it could signify a potential shortage of housing supply in the future. Similarly, rising mortgage delinquency rates and foreclosure rates could indicate financial stress among homeowners and potential risks for the overall market.

Therefore, understanding the housing market requires a holistic approach that considers various metrics and data points. By doing so, you can gain a more accurate and nuanced understanding of the market, which can guide your decisions as a homeowner, homebuyer, or real estate investor.

In this report, we'll examine ten key metrics that Zillow tracks to deliver a comprehensive update on the housing market's current state. By exploring these metrics, we'll gain valuable insights that can help us make informed decisions about the housing market's trends and future direction.

Demand Continues To Fall

You have probably heard about the decreasing number of homes sold each month in the real estate market. To better understand this trend, Zillow has provided a graph displaying its estimated number of unique properties sold per month. The graph depicts an 18-month trend, providing insight into the current state of the real estate market.

Zillow's count of all US home sales March 2023

In this graph, Zillow reveals home sales in the US have been declining for the past eighteen months up to February 2023. Year-over-year sales are a crucial metric in understanding market trends, as they remove the influence of seasonality by comparing the same months each year. For instance, February 2023 saw 31% fewer homes sold than February 2022.

It's essential to note that this graph only contains data since 2009, and the peak of home sales during that period is significantly lower than the number of homes sold during the housing bubble from 2004 to 2006. This reminds us that recent years were not marked by the irrational exuberance of overhyped new investors that artificially propped up the market more than fifteen years ago.

So you might wonder why home sales have declined for eighteen months. In this article, we will examine the possible reasons behind this trend and what it could mean for the future of the real estate market.

Mortgage Interest Rates And The Demand For Homes

This graph displays the average 30-year fixed mortgage interest rate dating back to 1971. The most recent months on the graph can explain one of the reasons for the recent decline in home sales.

Average monthly mortgage interest rates March 2023

In mid-March, the Mortgage News Daily website reported that the average 30-year fixed mortgage interest rate was 6.5%, a 46% increase from the rate one year ago at 4.5%.

While there has been a large increase in the rates charged to homebuyers, nearly a year has passed since rates exploded higher, so many buyers in the market have adjusted. With rates still 14% lower than the historical average, I'm not concerned about buyers adjusting to current rates (so long as they do not move too much higher).

Many reports blame the decline in home sales solely on higher mortgage interest rates, but that story does not pass muster, and here’s why:

Home sales started plummeting months before rates hit 3.3%. They started to slide when mortgage interest rates were at record lows, so we cannot solely blame the current housing market woes on mortgage interest rates. In fact, home sales fell for six consecutive months where mortgage interest rates were below 4%, so there has to be more to declining home sales than just an increase in mortgage interest rates.

The upcoming graphs will uncover other significant reasons behind the decrease in home sales and may provide an explanation for the stability of home prices. However, it is essential to note that no single metric can fully explain future trends in the housing market. We need to consider various data points to have a more comprehensive understanding.

The Inventory Of Homes For Sale

The inventory report has unveiled a stark difference between the current real estate market and that of the past. To be clear, today’s market is very different than the one in 2006 that led to the housing bubble. Unlike the situation in 2006, when the inventory of homes for sale was rising rapidly, there has been a notable decline in the number of unique property listings available each month since the beginning of 2019.

Zillow's inventory of US homes for sale March 2023

This graph plots the number of homes available each month, shown in blue, and the year-over-year inventory change, represented by the red line. The point where the red line intersects with the dashed-blue line in July 2019 and July 2022 indicates the market's shift from inventory growth to inventory reduction and back to growth.

Although there has been concern by some of a significant increase in inventory, the 17% rise in listings is nothing compared to the over four million listings during the housing bubble years. Today, we have well below 850,000 homes listed, 79% fewer than fifteen years ago.

Reports anticipating the inventory to rise as home sales decline overlook the source of new listings. With new construction inventory significantly lower than historical norms, we must rely on discretionary sellers to meet our inventory needs.

However, most discretionary sellers are also discretionary buyers. When a buyer cannot afford a home and leaves the market, a discretionary seller also leaves. Over 50% of the time, a buyer leaving the market also leads to a seller leaving the market. As move-up and move-down buyers have slowed, inventory growth is not as expected.

Monthly Inventory Of Listings

This graph provides a different way of looking at the number of listings in the past four years and helps showcase the inventory volume decrease.

graph of US home sales by month and year ending March 2023

This graph compares the monthly influx of listings from the previous four years to this year's listings, represented by the black line. The number of homes available for sale is slightly higher than in 2022 but still far lower than what was available in 2019, 2020, and 2021. It's important to note that inventory was scarce in those years as well, so we need to be alarmed; Not that there are fewer homes than usual, but fewer homes are available than in years with insufficient listings.

Currently, the number of listings is much lower than in recent years, and all four years shown were seller's markets with too few listings to meet the demand in the market. For home prices to fall for an extended period, demand must significantly decrease to reverse the supply and demand dynamic. While some markets may experience falling home prices due to declining populations, most US housing markets have a supply void that has slowed buyer activity, even when mortgage interest rates were below 4%.

Expired Book

NOW WHAT DO YOU DO?

Yes, you failed to sell your home. But that does not mean you have a home that is tough to sell, it just means you started off without having the right plan. By following the guidance in this booklet, you can get your home sold and move towards the goal which you were seeking when you first put your home up for sale.

I promise if you read this booklet cover to cover and follow its advice, you will not fail again. Tell us to whom and where you would like us to send our 60-page booklet for home sellers.

New Listings Still Too Few

This graph depicts the monthly count of newly listed properties in the market for the past four years, and currently, the number of new listings is at its slowest.

Graph of new listings in the US for March 2023

Many national news media outlets have predicted impending doom with home prices set to plummet, but the decreasing inventory suggests otherwise. For there to be a significant decline in prices, the supply needs to exceed demand. However, the graph shows that the supply is decreasing at a similar or faster rate than the demand. Hence, there is no indication of a growing supply issue at this time.

On the contrary, due to the supply shortage, there will be added pressure on home prices to rise should anything happen that stimulates demand. Therefore, according to Zillow's most recent data, it is reasonable to conclude that home prices will not significantly decrease in most local US housing markets.

Home Appreciation Is Slowing

Let's look at what Zillow reports about the median US home price.

Zillow's measure of the median home price March 2023

This graph displays the median list price in the blue field, and the red line plots Zillow's estimate of the median home sales price during the same periodThe blue field demonstrates a seasonal pattern, with prices starting low at the beginning of the year, increasing in the summer, and then decreasing slightly towards the end of the year. Reports of "list prices dropping" are insignificant and ignorant, as the median list price routinely declines at the end of each year.

This graph highlights two essential points. First, home prices generally increase, so it's reasonable to expect end-of-year asking prices to be higher than at the beginning of the year. Second, sellers who initially asked for inflated prices earlier in the year often have to reduce their prices to sell before the year's end. Homeowners can ask any price they want, but they need to meet the market at the right price to sell their property.

The red line in the graph shows that there is no discernible intra-year cycle for home prices; they tend to rise steadily. Although the median home sales price had been increasing rapidly in the past few years, the decreasing number of sales has now flattened the median home price growth rate. It will take a few more months to determine if buyers are purchasing cheaper homes or if home values are declining.

Zillow Expects Slower US Home Home Price Growth

This graph estimates the median home price in the US, taking into account the typical prices of single-family homes, condominiums, and co-ops.

However, this graph stands out because it concentrates on a specific market segment. It analyzes properties between the 35th and 65th percentile, representing the middle third of the market. The graph accurately estimates the median home price trends over time by examining this range of homes. This gives us a unique perspective and a better understanding of the US housing market.

Zillow's Graph Of The Median Home Price March 2023

By closely examining this graph, you will notice that Zillow has provided home value data from 2000 to 2024. This is because their dataset includes both historical data and a prediction that home values will increase by 1.0% over the next year.

It's worth noting that Zillow's estimation has become more conservative. For example, in January of last year, it estimated an annual growth rate of 17.3%.

Zillow's Home Value Index sheds light on the alarming decline in home affordability. According to Zillow's estimates, the median home price has increased by more than 109% since February 2012, with an annual growth rate of nearly 7%.

Comparing the rate of home price growth over the past two years to the rate during the housing bubble reveals a concerning trend. The steepness of the slope indicates a faster acceleration in price increases, which explains the decline in the affordability of homes.

And Zillow is not the only real estate platform predicting home price growth.

CoreLogic Expects 3.1% Growth In Home Prices

First American CoreLogic, Inc., a large provider of US property and ownership information, just released their forecast for home prices.

CoreLogic Home Price Forecast Graph March 2023

CoreLogic predicts that home prices will increase by 3.1% in the coming year, more than three times Zillow's forecast.

It's important to understand that the supply and demand of homes is the primary factor affecting changes in home prices. The fact that prices have risen steeply in the past isn't relevant; we should be focused on the shortage of available homes that is driving this issue.

Due to the extremely low number of homes on the market for sale, home prices have skyrocketed. As the next graph shows, home prices are rising in most markets in Zillow's report.

US Housing Market: Recovery or Ruin?
Kevin Erdmann shares a dire message about the future of the US housing market and the two paths it might take forward.
Foreclosures! Ignore The Clickbait - Here's What's Happening
Our examination of mortgage delinquencies, foreclosure rates, and homeowner equity reveals a situation far from the catastrophic forecasts often presented online.
Biden Rent Control Plan
The White House announced an executive action that Biden says is designed to "protect renters and promote rental affordability," but I cannot imagine a worse response from our Commander In Chief to confront the nation's housing and rental affordability crisis
Unparalleled Housing Market 2024: The Truth
A factual deep dive into the market's real dynamics to make informed real estate decisions—whether buying, renting, or selling.
Hey Politicians We Need More Houses!!!
We need more houses! As our cities grow, so does the demand for housing. But the supply? It's not keeping up
Americans Can Barely Afford Homes - Just How Bad Is It?
People have asked: “Is home affordability really all that bad?” Give me five minutes, and you’ll have the answer and the data that supports it.
Can Builders Save The Housing Market?
Home Affordability Crisis: Local Solutions ~ National Issue: Delving deep into current US homebuilder production. Enough? Short? A less optimistic real estate market outlook.
The Unaffordable Housing Paradox: Why Homes Are Out of Reach
The affordable housing shortage has this solution. It requires changes in urban planning that pay attention to housing costs and housing economics.
Why Foreclosures 2023 Is Not The News Story They Told You It Would Be
Even as more videos mount clickbait based on foreclosures coming, the data invalidates them right away.
Are Home Prices Heading for a Crash?
The US housing market has been a frequent topic in the news, but a crucial factor is being ignored when determining the direction of US home prices.
The Fallacy of Affordable Housing: The Need for More Homes
The idea of affordable housing is noble, but the reality is that building new low-end homes is not the solution to the housing crisis we're facing.
Foreclosure Crisis: What the Data Tells Us
Are you curious about what's really going on with foreclosures and loans in forbearance? Worried about the next housing crash?
Are you a NIMBY or a YIMBY?
Two terms have gained prominence over the past few years. NIMBY (Not In My Back Yard) and YIMBY (Yes, In My Back Yard) are labels that classify housing market activists into one of two camps
How Often Do Home Prices Fall?
Are home prices falling? Will house prices fall soon? Home prices are soaring, buyers are having to pay above most sellers' asking prices, and the housing market feels just like a feeding frenzy during Shark Week on the Discovery Channel.
Home Affordability Falls To 40-Year Low!
It's been over forty years since homes were more expensive than today when you factor in inflation, home prices, and mortgage interest rates.
The Surprising Way Interest Rates Move The Market
When mortgage interest rates change, housing market experts surface and make bold claims on how the market will unfold. They are usually wrong!
Real Story Behind Home Prices: Fact Versus Fiction
When it comes to buying a home, many misconceptions about the housing market can cause confusion and uncertainty for potential homebuyers. One of the most persistent myths is that home prices fall frequently, but is this true?
New Zillow Data: U.S. Home Prices Insanely Soar, Sales Dip
In our special report on the U.S. housing market, we dissect exclusive insights and six crucial Zillow graphs to provide a comprehensive understanding of current trends.
Zillow Housing Market Update
Examining the historical context of home availability to interpreting the implications of rental rate adjustments, we provide insights essential for making informed decisions in today's Zillow real estate landscape.
Big Redfin Report: First Time Redfin Saw THIS Since 2012!
Recent housing market data from Redfin, the large online real estate portal, shows that something occurred over the past two months that has not happened in the past ten years.
Will Assumable Mortgages Save Housing?
Will assumable mortgages save housing? Home affordability is becoming one of the hottest topics in the economy, but I was recently asked if assumable mortgages might bring some relief to homebuyers. This video shares what I think about how mortgage assumption will impact housing.
Why Vacancy Rates Are the Hidden Indicator of Housing Market Health
Imagine shopping for a new home—whether you're aiming to buy or rent—and finding that every other house on the block is empty. Conversely, imagine a tight market where you can't even find a rental property, let alone purchase a home.
When Will Home Prices Fall?
Are Home Values About To Crash AGAIN? Now that we've seen about three years' worth of skyrocketing home prices, prudent buyers with memories are asking when home prices are going to start falling again.
Renter Nation Says Goodbye To The American Dream!
It's the beginning of a generational shift in the housing market that will greatly reduce homeownership and push the US towards becoming a renter nation, one in which Wall Street is in control of both home prices and rents
Mortgage PITI Explained: Why Mortgage Payments Are Soaring!
Mortgage PITI (P.I.T.I.) stands for Principal, Interest, Taxes, and Insurance, and we dissect them to discover why mortgage payments are soaring
The Truth About Foreclosures - Mortgage Pipeline Update
The best way to start to analyze the potential for mass foreclosures is to break down the current mortgage pipeline to observe forming trends.
Will NINJA Loans Bring Down The Housing Market?
Housing Crash Coming? If you remember back to the housing bubble, we saw the growth of "NINJA" loans, as they were a segment of the home sales explosion.
Google Knows. The Surprising Real Estate Market Forecast You Won't Believe!
Is it possible to forecast home sales in the US housing market with a search on Google? I had this thought about Google and a google housing market forecast as I was reexamining our search engine optimization efforts.
Economic Outlook For The Housing Market
Joe Manausa gives an update on the economic outlook for Tallahassee and the US housing market. Includes housing market forecast, housing market activity, and new construction analysis, and reveals how Tallahassee compares with the overall US housing market.
Will New Construction Bottleneck Cause A New Housing Bubble?
Are you concerned that the bottleneck of builder homes under construction will cause a new housing bubble as they are finally completed?
6 Housing Market Rumors Debunked (1 Confirmed)
7 different housing market rumors are perpetuated as “FACT” in various forms of "hype." Discussion of this "housing market news" has been ongoing for years, so today, I want to put them all to rest.
Who To Blame For Soaring Home Prices
There is a huge shortage of homes in the US, and there is only one culprit to blame, and I’m going to tell you who it is!
What You Don't Know About Home Prices!
Home prices are gaining traction as topics in both the mainstream media and social media, but there are three common misconceptions about the change in house prices that are unanimously reported as unquestionably true.
Is The Supply Of Homes For Sale Finally Rising?
Is The Supply Of Homes For Sale Finally Rising? Is the US housing market heading for a crash? Will home prices fall? Follow the metrics that clearly show what to expect from home prices and the supply of homes for sale in 2022 and beyond.
Zillow Exposes Mainstream Media On Home Prices
Zillow serves up the data that exposes the poor reporting of the mainstream media on Zillow home prices and that conditions are not what they seem.
House Prices - Inflation Adjusted Home Prices
Just How High Are Today's House Prices? The price of houses in the US has risen to a toxic level, and many are wondering how they will be able to afford to live in their local communities
Podcast: Housing Myths Dispelled
Home Building Hero David Belman and Joe Manausa discuss many of the "myths" that have been published in the media about the housing market.
USA Today Misleads Readers About Home Prices
USA Today Misleads Readers About Home Prices - Median Home Price: The USA Today Network has been misleading readers, using the median home price change suggesting that houses are getting cheaper and a real estate crash is upon us. Is this poor journalism or is there something more to it?
Are We Overbuilding Again?
I've been asked recently for my opinion on the number of homes being built in the US. Specifically, people are wondering if the ghost of 2006 has come back to bring more homes to the market than what can be consumed?
Housing - Do You Follow Your Gut (Or Analytics) In Housing?
I think the signs in the housing market are loud and clear, yet most real estate reports I read or view are missing the most critical factor in housing today.
Home Ownership Is Radically Different For Millennials
This is a simple millennial housing case study that will clearly show that the millennials will face a housing market like no other generation going back to post-World War II.

Are Home Prices Falling?

Are you hoping that home prices will fall? If so, brace yourself for some surprising information! According to Zillow, reports of falling home prices only apply to just 8% of cities tracked by Zillow and are not widespread across the country.

graph of top 50 markets for home price growth March 2023

Of the 896 cities reported by Zillow, 822 posted growth in home prices for the past twelve months. Only 74 markets reported declines.

Zillow continues to report year-over-year increases in home prices in the US, but understandably, some of our readers may have heard different news. To delve deeper into the issue, let's explore why there are conflicting reports about declining home prices.

Month-Over-Month Home Prices: Growing In 57% Of US Markets

This graph shows which housing markets in the United States have had the largest increase in home prices over the past month.

graph of top 50 markets for home price growth March 2023

Out of the 896 cities that Zillow reported on, 629 (70%) experienced an increase in home prices in December, while 267 (30%) saw a decrease. This could be why there are numerous reports of declining home prices.

If you've been following my recent reports on US home prices, you may remember that the median home price typically rises in a staggered manner throughout the year or decreases similarly in declining years. It would be premature to identify a trend in price changes after just a few months because doing so would have resulted in reporting declines for the past five years, even though the median home price was rising.

It's evident that the growth rate for home prices is slowing down, but it's too early to predict that we'll see annual price drops in most US housing markets. The market is still appreciating, with 92% of markets reporting annual gains and 70% showing monthly gains.

When reports suggest a significant decline in home prices, such as 30%, 40%, or 50%, it's important to question the data that led to that conclusion. I certainly have not encountered such data.

Rental Rates Are The Key For Measuring Supply

The median rental rate graph holds the key to affirming or refuting reports on the overall supply of homes in the US. As we all know, when there is a shortage of homes available in the market, both home prices and rental rates tend to skyrocket, while the opposite happens when supply exceeds demand. Thus, Zillow tracks rents as well as home prices as a useful indicator of supply imbalances, making the median rental rate graph a crucial tool for understanding the US housing market.

Zillow's measurement of the change in rental rates March 2023

This graph displays the monthly rental rate index (median rent) in blue and the year-over-year percentage change in red. The significant growth shown in red, which peaked at over 17% annual growth in February, is worth noting. However, rents have grown by 6.3% in the past twelve months, which is slower than the rates observed in the prior months.

This rising trend is due to the declining inventory of homes for sale and rent. As a result, buying and renting a home have become more expensive, which is reflected in the increase in rental rates. In February, the median rental rate of $1,976 was 24% higher than the median rental rate recorded two years ago. This shows that rental rates have also become unaffordable, along with home prices. After all, who do you know that could easily handle a 24% increase in the cost of living?

The fact that both rents and prices are increasing together confirms that the supply of homes in the US is insufficient to meet the growing demand. This shortage will likely continue until a significant output from US home builders. Although there are some markets where the supply of homes exceeds demand, the overall US housing market remains undersupplied.

The Crisis That Is Home Affordability

The current state of home affordability is a major issue that demands attention. People who cannot afford to buy a home are also being priced out of the rental market. Even when home prices fell in 2008, rental rates continued to rise, indicating a significant problem with the housing inventory.

This issue in 2008 stemmed from decreased demand for homes for sale, mostly caused by the government's intervention in the housing market. The government's measures to control the market made it very difficult for borrowers to qualify for loans, which resulted in only the wealthiest buyers being able to purchase homes. This, in turn, led to increased demand for rental properties, driving up rental rates even as home prices dropped.

Today, the housing crisis is primarily caused by a lack of inventory. Even after doubling, mortgage interest rates are still relatively low, so they cannot be blamed for the high cost of housing. The root of the problem lies in the fact that we have not built enough homes in the past fifty years, and the NIMBYism movement is partly to blame for this.

To address this issue, local governments must work on solutions to increase the number of properties available to house our growing population. This will require leadership that many elected officials may not possess. As concerned citizens, we can take action by contacting our local elected officials and expressing our dissatisfaction with the soaring prices of homes and rentals. It is crucial to clarify that the root of the problem is a lack of supply and that a different approach is needed to address the housing shortage in America.

If you have thoughts on the limited housing supply in America, please share them in the comments section below. Let's work together to find solutions to this critical issue.

Unparalleled Housing Market 2024: The Truth
A factual deep dive into the market's real dynamics to make informed real estate decisions—whether buying, renting, or selling.
New Zillow Data: U.S. Home Prices Insanely Soar, Sales Dip
In our special report on the U.S. housing market, we dissect exclusive insights and six crucial Zillow graphs to provide a comprehensive understanding of current trends.
Will Robert F. Kennedy, Jr.'s Plan Work?
Robert F. Kennedy, Jr. presented his plan to fix the affordable housing crisis by creating a housing boom. Do the facts underpinning his promises hold water?
Americans Can Barely Afford Homes - Just How Bad Is It?
People have asked: “Is home affordability really all that bad?” Give me five minutes, and you’ll have the answer and the data that supports it.
Housing Trends Improve Says Realtor.com
Double good news in the housing market. Realtor.com reports changes in both inventory and mortgage rates, and it compares both to recent years.
What 'normal' has meant over the years - Understand where rates are going
Watch through the end and you'll understand when mortgage interest rates return to normal.
The Power of Graphs in Understanding the US Housing Market
Understanding these trends is crucial, and the power of graphs in understanding the US housing market has become more relevant than ever.
Home Affordability: Can New White House Plan Fix Housing?
The White House rolled out a home affordability plan: Is this a genuine blueprint to fix housing, or just another set of promises floating in the political winds?
Zillow Home Affordability Tracker
The new Zillow Home Affordability Tracker from the giant in the real estate domain was recently unveiled as an innovative tracking tool that offers fresh insights into US home affordability
Which Home Sizes Are Skyrocketing In 2024?
Not all home sizes are appreciating at the same rate and we have uncovered the real estate trends to prove it. Take a moment to watch this short video
Tallahassee/US Housing Market Update Feb 2024
This short US housing market update will give you a solid understanding of the current trends in our nation’s housing market.
Foreclosure Crisis: What the Data Tells Us
Are you curious about what's really going on with foreclosures and loans in forbearance? Worried about the next housing crash?
Big Redfin Report: First Time Redfin Saw THIS Since 2012!
Recent housing market data from Redfin, the large online real estate portal, shows that something occurred over the past two months that has not happened in the past ten years.
Hey Politicians We Need More Houses!!!
We need more houses! As our cities grow, so does the demand for housing. But the supply? It's not keeping up
Are Home Prices Heading for a Crash?
The US housing market has been a frequent topic in the news, but a crucial factor is being ignored when determining the direction of US home prices.
Foreclosures! Ignore The Clickbait - Here's What's Happening
Our examination of mortgage delinquencies, foreclosure rates, and homeowner equity reveals a situation far from the catastrophic forecasts often presented online.
Tallahassee Florida Spring Economic Update
Live presentation by Joe Manausa, MBA to the Building Industry Association of the Big Bend at Capital City Country Club March 28, 2024.
How Bad Is It? SHOCKING Building Permits Report!
The lack of home affordability has become a widely discussed issue in the media - the shortfall in new single-family home permits and multi-family property permits and construction exacerbates the current housing crisis.
Will New Construction Bottleneck Cause A New Housing Bubble?
Are you concerned that the bottleneck of builder homes under construction will cause a new housing bubble as they are finally completed?
The Unaffordable Housing Paradox: Why Homes Are Out of Reach
The affordable housing shortage has this solution. It requires changes in urban planning that pay attention to housing costs and housing economics.
Google Knows. The Surprising Real Estate Market Forecast You Won't Believe!
Is it possible to forecast home sales in the US housing market with a search on Google? I had this thought about Google and a google housing market forecast as I was reexamining our search engine optimization efforts.
The Truth About Foreclosures - Mortgage Pipeline Update
The best way to start to analyze the potential for mass foreclosures is to break down the current mortgage pipeline to observe forming trends.
7 Critical Graphs Zillow Decodes US Housing Market Complexities
If you've ever wondered why home prices are skyrocketing or why your dream home feels increasingly out of reach, Zillow’s report is your roadmap.
Zillow Housing Market Update
Zillow data unveils the great twists & turns shaping US housing trends, shedding light on the challenges and opportunities ahead.
Zillow Drops Bombshell Real Estate Update
You won't want to miss the latest data release from Zillow. They've just dropped a bombshell of a report that will significantly impact the housing market.
Renter Nation Says Goodbye To The American Dream!
It's the beginning of a generational shift in the housing market that will greatly reduce homeownership and push the US towards becoming a renter nation, one in which Wall Street is in control of both home prices and rents
The Surprising Way Interest Rates Move The Market
When mortgage interest rates change, housing market experts surface and make bold claims on how the market will unfold. They are usually wrong!
Home Affordability Falls To 40-Year Low!
It's been over forty years since homes were more expensive than today when you factor in inflation, home prices, and mortgage interest rates.
Why Foreclosures 2023 Is Not The News Story They Told You It Would Be
Even as more videos mount clickbait based on foreclosures coming, the data invalidates them right away.
Can Builders Save The Housing Market?
Home Affordability Crisis: Local Solutions ~ National Issue: Delving deep into current US homebuilder production. Enough? Short? A less optimistic real estate market outlook.
Biden Rent Control Plan
The White House announced an executive action that Biden says is designed to "protect renters and promote rental affordability," but I cannot imagine a worse response from our Commander In Chief to confront the nation's housing and rental affordability crisis
Market Equilibrium, How The Balance Has Changed In Real Estate
The way we estimate housing market equilibrium has changed, and with it, the way the market is evaluated must change.
What You Don't Know About Home Prices!
Home prices are gaining traction as topics in both the mainstream media and social media, but there are three common misconceptions about the change in house prices that are unanimously reported as unquestionably true.
New Home Construction Report
Kevin Erdmann Housing Update September 2022 - Explains the new home construction pipeline and what to know about the number of homes being built in the US.
Unlocking Zillow's Latest Housing Trends And Forecasts
Zillow has shared its extensive data that we have used to generate our monthly housing market update. Zillow reports this right now:
Zillow Exclusive: 5 Charts on the US Housing Market You Can't Miss!
Zillow has just released new data that provides valuable insights into the changes taking place in the real estate industry.
Why Vacancy Rates Are the Hidden Indicator of Housing Market Health
Imagine shopping for a new home—whether you're aiming to buy or rent—and finding that every other house on the block is empty. Conversely, imagine a tight market where you can't even find a rental property, let alone purchase a home.
House Prices - Inflation Adjusted Home Prices
Just How High Are Today's House Prices? The price of houses in the US has risen to a toxic level, and many are wondering how they will be able to afford to live in their local communities
USA Today Misleads Readers About Home Prices
USA Today Misleads Readers About Home Prices - Median Home Price: The USA Today Network has been misleading readers, using the median home price change suggesting that houses are getting cheaper and a real estate crash is upon us. Is this poor journalism or is there something more to it?
Economic Outlook For The Housing Market
Joe Manausa gives an update on the economic outlook for Tallahassee and the US housing market. Includes housing market forecast, housing market activity, and new construction analysis, and reveals how Tallahassee compares with the overall US housing market.
Mortgage PITI Explained: Why Mortgage Payments Are Soaring!
Mortgage PITI (P.I.T.I.) stands for Principal, Interest, Taxes, and Insurance, and we dissect them to discover why mortgage payments are soaring
Podcast: Housing Myths Dispelled
Home Building Hero David Belman and Joe Manausa discuss many of the "myths" that have been published in the media about the housing market.
Are Wages Keeping Up With Rising Home Prices
Home prices are rising. Mortgage interest rates are rising. Are people earning enough money to buy homes today, or is the home affordability crisis getting worse?
Zillow Housing Market Update
In this must-watch video, we delve into the roller coaster ride that is the real estate market. Discover the latest insights and trends from Zillow.
Zillow - Surprising Home Sales Report
Zillow has something to say about the housing market. Zillow's data suggests something else is happening. And it’s not just Zillow.
Zillow Exposes Mainstream Media On Home Prices
Zillow serves up the data that exposes the poor reporting of the mainstream media on Zillow home prices and that conditions are not what they seem.
Housing - Do You Follow Your Gut (Or Analytics) In Housing?
I think the signs in the housing market are loud and clear, yet most real estate reports I read or view are missing the most critical factor in housing today.
6 Housing Market Rumors Debunked (1 Confirmed)
7 different housing market rumors are perpetuated as “FACT” in various forms of "hype." Discussion of this "housing market news" has been ongoing for years, so today, I want to put them all to rest.
Is The Supply Of Homes For Sale Finally Rising?
Is The Supply Of Homes For Sale Finally Rising? Is the US housing market heading for a crash? Will home prices fall? Follow the metrics that clearly show what to expect from home prices and the supply of homes for sale in 2022 and beyond.
Who To Blame For Soaring Home Prices
There is a huge shortage of homes in the US, and there is only one culprit to blame, and I’m going to tell you who it is!
When Will Home Prices Fall?
Are Home Values About To Crash AGAIN? Now that we've seen about three years' worth of skyrocketing home prices, prudent buyers with memories are asking when home prices are going to start falling again.
Home Ownership Is Radically Different For Millennials
This is a simple millennial housing case study that will clearly show that the millennials will face a housing market like no other generation going back to post-World War II.
Are We Overbuilding Again?
I've been asked recently for my opinion on the number of homes being built in the US. Specifically, people are wondering if the ghost of 2006 has come back to bring more homes to the market than what can be consumed?
Building Permits Reveal Major Housing Crisis
How do we know there is a major housing crisis brewing? Look no further than building permits! This video examines building permits in detail, as the issue of home affordability is going to become one of the most prominent topics for many years in the national media.
REDFIN Reports Falling Home Prices?
Does the latest Redfin real estate report show home prices falling? I reviewed the Redfin real estate data, but did I find home prices dropping?
Zillow Housing Market Update
Examining the historical context of home availability to interpreting the implications of rental rate adjustments, we provide insights essential for making informed decisions in today's Zillow real estate landscape.

There are a lot of people who endorse Joe for the job of selling your home, including Preston Scott (host of Tallahassee's top daily "Audio Magazine," as well as the thousands of happy customers Joe has helped in the past. Listen why!

Post a Comment

(850) 378-5727