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 October 3, 2024…
Just 2.5% of homes in the United States changed hands in the first 8 months of 2024, and a new report shared by CNN illustrates just how stuck the housing market has been.
A small bump in mortgage rates resulted in retreating refinance demand this week, according to CNBC.
Realtor.com released its latest Monthly Housing Market Trends Report and finds the number of homes actively for sale grew for the 11th consecutive month. Active inventory currently sits at the highest level since April 2020.
Forbes published an updated housing market forecast for 2024 and 2025, as buyers finally gain a bit of purchasing power.
Fast Company takes a look at inventory across the 50 largest metro areas and finds homebuyers across the Sun Belt quickly gaining purchasing power.
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.