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Tight inventory is challenging Illinois’ ‘steady Eddie’ housing market

Housing Wire

Despite the frequency of departures, real estate agents in the state say the housing market remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housing market has a 90-day average Altos Market Action Index score of 44.18

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What rising inventory means for the 2025 housing market

Housing Wire

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic.

Inventory 418
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Texas, Florida housing markets have the most inventory per capita

Housing Wire

Housing markets across the country are getting a much-needed infusion of inventory, as the number of homes for sale and new listings are running well ahead of last years pace. But big year-over-year increases dont necessarily mean inventory levels are high, nor is that one metric useful to determine affordability.

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With more inventory, where are home prices headed?

Housing Wire

While that forecast was lower than most others, it seemed achievable due to higher mortgage rates and increased inventory. Inventory is higher this year than in 2024, and mortgage rates haven’t dropped to 6%, which caused my forecast to be off last year. Unsold inventory sits at a 4.4-month million units, up 9.0%

Inventory 455
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The two big housing market trends to watch in 2025

Housing Wire

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. Well see another week of inventory contraction this week with New Years mid-week.

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Why the housing market is actually much healthier in 2025

Housing Wire

After years of identifying the housing market as unhealthy culminating in a savagely unhealthy housing market in early 2022 I can confidently assert that the housing market in 2024 and 2025 is on better footing. Some recent headlines about housing suggest that demand is crashing.

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Housing market data positive despite Powell’s Grinch act

Housing Wire

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Weekly pending sales The latest weekly pending contract data from Altos Research offers an exciting glimpse into the real-time dynamics of housing demand.