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Industry Observer - CDRE #01044712
RECENT BLOG POSTS
On February 1, 2024, Realtor.com reported the active listing inventory of homes in the Midwest higher 2.1% in January of 2024 from January 2023; while new listed homes declined 1.9% in January of 2024 from January of 2023. The median list price of a home increased 3.4% in January of 2024 from Jan...
02/09/2024
On February 5, 2024, Jillian Pretzel published a very good helpful report on Realtor.com about list of reasons makes sense to sell a home right now.1. Mortgage rates are falling,2. Housing inventory is still low,3. More buyers may soon enter the market,4. Home sellers won’t have to work as hard,5...
02/08/2024
On January 18, 2024, Lisa Marie Conklin published a very good helpful report on Realtor.com about list of outdated habits to avoid when selling a home this year.Outdated habit No. 1: Trying to sell your house on your own,Outdated habit No. 2: Considering only the highest offer,Outdated habit No. ...
02/07/2024
On January 15, 2024, Lisa Marie Conklin published a very good helpful report on Realtor.com about list of bad habit to avoid on how a dry January mindset can get you closer buying a home.Bad habit No. 1: Shopping for a home above your price range,Bad habit No. 2: Taking on new debt while house hu...
02/06/2024
On February 1, 2024, Realtor.com reported the fallowing nationwide median weekly housing trends for the week ending January 27, 2024.Total available listings gained 10.1% for the week ending January 27, 2024, from the same period of time in January of 2023.Time on the market lower 3 days for the ...
02/05/2024
On February 1, 2024, Realtor.com reported that detailed nationwide median list price of a home was $409,500 in January of 2024, higher 1.4% from median list price of a home in January of 2023.There were 665,569 listed inventory of homes in January of 2024, increased 7.9% or 39,700 more homes list...
02/05/2024
On February 1, 2023, the U.S. Census Bureau reported nationwide construction spending grew 0.9% to $2,096.0 billion in December of 2023 from $2,078.3 billion November of 2023, and rose 13.9% from $1,840.9 billion in December of 2022.Nationwide private construction up 0.7% to $1,619.7 billion in D...
02/03/2024
 Each year on 2nd of February, and today on Friday February 02, 2024, we celebrate Groundhog Day.Hopeful Punxsutawney Phil will communicate in "Groundhogese" that he didn’t see his shadow, meaning we'll see at least a month and a half warm weather.Hopefully, next year we will have better predicti...
02/02/2024
On January 17, 2024, National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for newly built single family homes gained seven points to 44 points in January of 2024 from 31 points in December of 2023.The HMI component charting present sales conditions rose seven points at 48 ...
02/01/2024
On January 18, 2024, The National Association of Home Builders (NAHB) Remodeling Market Index (RMI) gained 2 points to 67 points in the 4th quarter of 2023 from 65 points in the 3rd quarter of 2023.The current market conditions index increased 2 points to 74 points in the 4th quarter of 2023 from...
02/01/2024
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John Pusa

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