Step Inside Home 🏠 @StepInsideHome
Real Estate, Lending & A.I news and commentary helping you better understand the market New Jersey, USA Joined February 2023-
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More than half. It’s official.
Zillow just reported monthly home value drops in 27/50 states. This is no longer just a Texas/Florida downturn.
From Zillow: US Rental Market Check out that 2025 nosedive Fed will be way late to cut if they insist on waiting for lagged shelter CPI to catch up to Zillow’s real time data
As of the end of April 2025, the Morris County, NJ housing market is showing some improvements since the beginning of the year: 📊 Market Overview: Pending Listings: Currently, there are 854 homes under contract in Morris County, with a median listing price of $725,000. Active Listings: The number of active listings has increased to 533 in April 2025, up from 470 in March 2025. Median Home Value: The average home value in Morris County is $671,141, reflecting a 5.9% increase over the past year. 🏠 Market Dynamics The increase in active listings suggests a growing inventory, which may provide more options for buyers. However, the rise in pending listings indicates sustained buyer interest. The market remains competitive, with homes going to pending status in approximately 16 days.
Less than 1/3 of non-homeowners expect to buy a home in the next FIVE YEARS Brutal statistic. Especially since baby boomers likely will increasingly sell over the next five years
@mrsunbubbles @m3_melody On every 1003, you collect citizen status via the borrower information section, so if they are selling to GSE's they will have this information, so potentially look there? FHA is no longer allowing non-US citizens to get loans, so the GSE data is likely your best bet now.
Jerome Powell will be forever known for creating the largest housing bubble in US history and screwing out tens of millions of young families from home ownership.
Median homeownership tenure has been stedaily increasing since 2005, outside of a slight reduction since the pandemic. This type of trend is something to keep a close eye on in the next 3-5 years, as we may see it reverse and increase yet again as many homeowners can't afford to leave homes with sub-4% interest rates.
The average 30-year fixed mortgage rate today: 6.86% Same day last year: 7.19% ------------ 10-year Treasury yield today: 4.30% Spread today: 256 bps
@unusual_whales What are these jobs? Also, if you are not using AI at all at this point, shame on you. Its the best way to boost your productivity and learn valuable skills
Maria Bartiromo: "What is it gonna take to get mortgage rates down?" FHFA director Bill Pulte: "Well, I think President Trump's on that path you know. He is, there's nobody who knows interest rates better than him." "Uh, there's nobody who knows how to do this better than him." "He's gotten oil prices down, gotten grocery prices down, egg prices down, I think that will flow through to mortgage rates."
BIGGEST METRO AREA HOME PRICE DECLINE SINCE THEIR 2022 PEAK: -23.2% -> Austin, TX -16.9% -> Punta Gorda, FL -16.2% -> New Orleans, LA -14.4% -> Lake Charles, LA -12.2% -> Cape Coral, FL -11.9% -> North Port, FL -10.5% -> Boise City, ID -10.2% -> Phoenix, AZ
@VladTheInflator But I was told you buy the house regardless of the price and rate... am I being lied to?
If only there was a map to understand exactly what's happening in the housing market. People can't afford a payment because houses are overpriced. So no one is buying. Simple
Miami active inventory for sale: 50,841 -> April 2019 44,341 -> April 2020 24,099 -> April 2021 12,825 -> April 2022 23,340 -> April 2023 36,956 -> April 2024 51,987 -> April 2025 Chart via @ResidentialClub
Home Sales Disappoint at the End of April! Latest weekly home sales data from @HousingWire @AltosResearch Only 71,000 weekly pending single family home sales. Nationally home prices came in below 2024 too. Thread and video 🧵📽️👇
#NEW Among the 50 largest metro area housing markets, these 5 have the MOST active housing inventory for sale compared to pre-pandemic 2019 levels: 1. Denver, CO 2. Austin, TX 3. Memphis, TN 4. Orlando, FL 5. San Antonio, TX
Orlando is one housing market where I expect pricing weakness for the rest of the year Chart via @ResidentialClub
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