10% interest rates haven't deterred home flippers much, with 49% of the 700+ flippers we surveyed (with Sundae) expecting to flip more homes in 2024, and only 18% expecting fewer homes.

On its own, new home supply looks historically high (dark blue below). However, total housing supply is what matters, and it remains extremely low when you also factor in resale supply (light blue below).

There’s no national flood of institutional homes hitting the housing market LEFT: American Homes 4 Rent has been a "net buyer" for 3 straight quarters RIGHT: Invitation Homes has been a "net buyer" for 2 straight quarters resiclubanalytics.com/p/springtime-b…

#NEW Fannie Mae expects the 30-year fixed mortgage rate to average... 6.5% in Q1 2024 (previously 6.4%) 6.3% in Q2 2024 (p: 6.2%) 6.1% in Q3 2024 (p: 6.0%) 5.9% in Q4 2024 (p: 5.8%) 5.8% in Q1 2025 (p: 5.7%) 5.7% in Q2 2025 (p: 5.6%) 5.7% in Q3 2025 (p:

January 2024 brought 4.00 million in sales, a median sales price of $379,100, and 3.0 months of inventory. bit.ly/3gk3CrG #NAREHS

#NEW Goldman Sachs’ “U.S. economic analysts” team revises up its multi-year outlook for U.S. home prices, as measured by Case-Shiller +5.5% in 2024 +4.4% in 2025 +4.9% in 2026 +4.9% in 2027

What U.S. households need to at least earn to comfortably afford the typical priced U.S. home 2020: $59,046 2024: $106,536 Median U.S. household income 2020: $65,925 2024: $81,216 resiclubanalytics.com/p/zillow-incom…

Loved Jeanna Smialek's article on peak millennials and the question about, "whether fertility trends for the generation turn out to be a permanent state." Previous generations also delayed having kids and eventually caught up. But the 1990 group has a ways to go. Even as peak

Where does the US need more housing, retail, warehouses, hospitals, and schools? Look where people are moving, right now. Latest US domestic migration flows, based on change-of-address forms, current within a few months:

The story of housing golden handcuffs: Illustrated through one chart 86.6% of outstanding mortgages have a rate below 6.00% resiclubanalytics.com/p/story-housin…

While everyone is experiencing the pinch of inflation. This one is silent killer and eats into savings etc. Non-payment hurts with liens and financial ruin. $4k of additional spend no one planned. Why is no one talking about?

Here is the distribution of ownership of single-family rentals in the country. Laws are being developed around the country to stop institutional home ownership. If passed, do you think they will have much impact on the housing market?

Household formation is surging alongside new apartment supply. Shouldn't be a surprise given the demographic tailwind for apartments and single-family rentals and the pent-up demand.

Just 1 in 6 renter households moved in the last year. Most renters are renewing their leases. Recent stickiness of apartment renewal rent growth among the public REITs suggests shelter inflation will be higher for longer. Any bend here would show up in shelter CPI 12 mos later.

Very true when it comes to single-family rental data we track across 99 markets. bloomberg.com/news/articles/…

Our rental data shows single-family asking rent growth running well above historical average in many markets. Only one market (Las Vegas) showing declines, and just barely.

Around 39% of homeowners are mortgage-free resiclubanalytics.com/p/record-numbe…

The U.S. housing market is short at least... 760,000 for-sale housing units 760,000 for-rent housing units ... according to Freddie Mac economists resiclubanalytics.com/p/us-housing-m…

Bloomberg: Warning signals are flashing for homeowners in Texas and Florida as property taxes and insurance costs spike, foreclosure filings are rising bloomberg.com/news/articles/…

The U.S. is adding more new apartments in the first half of 2024 than we did in most FULL CALENDAR YEARS over the last 3 decades, and yet demand is (almost) keeping pace. That is crazy-- and don't give a stalled-out for-sale housing market all the credit. Would-be buyers are