Tom's Take Audio (11)

Here, we dive into essential real-time lead indicators for the housing market that can help you predict where it’s headed. We explore key metrics such as price adjustments, inventory growth, and the mortgage purchase application index. Learn how these indicators reflect buyer and seller behavior and what they mean for your real estate decisions. If you're feeling overwhelmed by the current market trends, our expert team is here to help you navigate the complexities—schedule a no-commitment conversation with us today! Timestamps: 0:00 - Introduction to Real-Time Indicators in the Housing Market 0:03 - Importance of Real-Time Data vs. Lagged Data 0:10 - Indicator #1: Homes with Price Adjustments 0:26 - HousingWire’s Housing Market Tracker 0:50 - Current Price Adjustment Statistics (39.5%) 1:10 - Comparison of Price Adjustments (2023 vs. 2022) 1:22 - List to Sales Price Ratio Overview 1:31 - Indicator #2: Inventory Growth 2:01 - Current National Inventory Growth Statistics (32%) 2:21 - Inventory Trends Post-Pandemic 2:43 - Local vs. National Inventory Trends 3:02 - Seasonal Decline in Inventory 3:25 - Indicator #3: Mortgage Purchase Application Index 3:30 - Explanation of the Mortgage Purchase Application Index 3:58 - Current Index Reading and Sales Trends 4:21 - Historical Trends of Mortgage Applications 4:49 - Summary of Key Indicators 5:05 - How Our Team Can Help You Navigate the Market