The Buzz is a regular summary of housing market news and data driving our decision-making at BlueBid.
Here's the Buzz for the week of June 6, 2024…
The New York Post says the number of homes for sale in the United States is slowly returning to normal.
Even with inventory on the rise, Newsweek reports rising prices and elevated borrowing costs mean the housing market just keeps getting worse for buyers.
Mortgage demand fell for the second straight week and 30-year rates rose slightly, according to CNBC.
A recent survey by Redfin finds that housing affordability is Gen Z's top voting issue, outweighing the overall economy and other hot button issues.
Zillow digs into data from the U.S. Census Bureau and finds cities with the largest recent population growth have two factors in common: affordability and relatively high inventory.
The National Association of Realtors observes built-for-rent housing starts on the rise.
Have a great week.
Disclaimer: Views expressed here are my own and not the views of my coworkers or anyone else. I am not a financial advisor, investment advisor, or housing expert. I’m just a guy who cares deeply about saving the American Dream of homeownership.