CategoryMarket Trends/Reports

Listing Inventory Continues To Be The Most Important Metric On Housing Market Performance The Rise Or Fall Of Listing Inventory Is A Local Market Metric Florida Is Seeing More Inventory Growth On The Gulf Side I've touched on this issue before there are a number of people on X/Twitter (which has officially become a digital cesspool) shilling for apps and services, by presenting supply in a...

Manhattan Sales Are Rising Both ReSales And New Development Manhattan New Development Is Leading The Market Manhattan ReSale Price Trends Remain Weak Today's Housing Notes is an explainer to make sense of the Q42024 Manhattan Market Report: Last week, we released it, and it showed polarizing results. By the way, Manhattan Sales was the first market report series I created way back in 1994 (30...

Manhattan Contracts Have Soared Year Over Year Every Month Since July Miami Contracts Decline As Listing Inventory Increases From Record Lows Miami Is More Dependent On Lower Mortgage Rates Than Manhattan Due To Lower Price Point We released our new signed contract reports for New York and Florida today. The comparison between Manhattan and Miami showed both similarities and differences worth...

• Florida Housing Prices Continue To Rise As Sales Fall
• Listing Inventory Is Rising Across Most Markets, Tempering Future Price Gains
• Bidding Wars Have Normalized After Surging In 2021-2022

• NYC Rental Prices Have Peaked And Rents Remain High But Are Drifting Lower
• National Rental Price Trends Are Still Rising But At A Lower Rate
• The Decline In Mortgage Rates And Expectation Of More Cuts Is Restraining Rental Prices

• The Market Share Of Manhattan Cash Is Falling With Mortgage Rates
• The Higher The Purchase Price, The Higher The Probability Of Cash
• Manhattan September Contracts Surged 18% YOY

Although the FirstTime Buyer Market share Was 32%, it was the Third Lowest in Decades Market Share Of FirstTime Buyers Should Expand With Lower Mortgage Rates. Duh. Cash Has Been A Noticeable WorkAround For Homebuyers, Just Not For FirstTimers It's been a tough few years for wouldbe homebuyers to move from the rental market. As mortgage rates surged and monthly payments jumped, it recently got a...

• More And/Or Larger Rate Cuts This Fall Should Soften Rents And Stimulate Sales
• Unexplainable Yen Carry Trade Had Significant Influence On Future Rate Direction
• Manhattan Rents Seemed To Have Peaked As New Leasing Activity Surged

• Manhattan & Brooklyn New Signed Contracts Surge YOY in July
• Despite The New York Jump In Contracts, They Still Lag Pre-Pandemic
• After A Lacklust Spring Market, The Surge In July Contracts Was Unexpected

• A Little More Than 1 In 8 U.S. Sales Contracts Blew Up In June, A Redfin Record
• Elevated Mortgage Rates And Nervous Buyers Drove Blown Deal Jump
• Pending Sales Don’t Fully Reflect Current Market Unless Able To Close