It's Monday, so that means the latest real estate data from @AltosResearch and man the leading indicators are all aligning for another big year of home price appreciation.

1/5
On the inventory watch, we're down to just 389,000 single family homes on the market. Many new listings are getting offers so quickly they're bypassing our active market data and just going straight to pending-contract.
2/5
What's inventory going to look like throughout the year? Fingers crossed that we get a more seasonal pattern in listings this year, trough in a couple weeks at 370,000 or so, peak in 3Q at only 5670,000 or so. A million would be healthy/normal.

3/5
All this means that home prices and the leading indicators of where transaction prices will take place in Feb/Mar/Apr are spiking. The blue line here will surpass last year's peak in just a few weeks.

4/5
More details and context in this week's 6 minute market data video. Real estate data geeks, don't miss!

5/5
You can follow @mikesimonsen.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.