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 November 7, 2024…
A national survey from Fannie Mae shows Americans feeling better about the housing market, as sentiment sits at the highest recorded level since February 2022.
A return to normalcy continues to encounter roadblocks, however, as CNBC reports mortgage rates surging to the highest levels since July in the wake of the presidential election.
Redfin observes the number of renter households growing 3x faster than homeowner households.
According to Yahoo Finance and a recently updated report on homes owned by baby boomers, Americans can expect continued supply shortages over the next decade. As we've discussed previously, baby boomers have not sold their homes at rates consistent with previous generations.
Realtor.com summarizes President-elect Trump's signature policy proposals and what his presidency means for the housing market.
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.