This Week’s Topic: Better News

Buyers and renters received some better news in the May housing inventory numbers. The housing inventory problem persists. But housing construction starts for single and multi-family jumped 21.7% in May. Permits to build also increased to 5.2%, foretelling future growth. For renters, the multi-family construction is bringing more inventory. There is already a cooling of rents with more inventory.

Last Week’s Topic: Crash Unlikely

Rising interest rates have not led to a significant decline in home prices. What are the factors that have contributed to this resilience? Strong demand from homebuyers, limited housing supply, and a robust economy. While higher rates may slow down the pace of price appreciation, they are unlikely to trigger a crash in the housing market due to these underlying factors

More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate

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