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 March 28, 2024…
CNBC says mortgage demand stalled this week: Applications to purchase a home were down 0.2% for the week and 16% year-over-year.
Redfin observes rising supply drawing in some buyers, even as housing payments have soared to an all-time high.
Yahoo Finance writes that buyers waiting for mortgage rates to fall are missing a crucial point: When rates fall, demand shoots higher!
It's no secret that the pandemic upended the housing market, but Realtor.com believes it's finally bouncing back.
Home prices are rising the fastest in these 5 cities, according to Newsweek.
The Guardian penned an explainer of the National Association of Realtors' recent settlement and what it means for homebuyers. The publication calls it the US housing market's biggest shakeup in years.
Congrats to all of the believers on BlueBid surpassing 5,000 homes listed on its platform. At time when the housing market dominates headlines for all of the wrong reasons, our model offers a new path forward.
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.