Surge in Real Estate Market? Not Really.
ESA on EHS | Existing home sales while up 14.5% month-over-month, saw another steep year-over-year decline in February, at -22.6%. Inventory remains low.
ESA on EHS | Existing home sales while up 14.5% month-over-month, saw another steep year-over-year decline in February, at -22.6%. Inventory remains low.
Higher interest rates and inflationary concerns are bringing a mixed bag to the housing market as mortgage apps decline year-over-year.
Another inflationary warning is imminent as consumer demand drops and high inventory strains warehouse capacity in the US.
After several years of double-digit growth, the home improvement sector will cool in 2023 on recessionary concerns and a slow housing market.
ESA on EHS | Home prices up 15%, sharp interest rate hikes, huge inflation and scant inventory all make for a stressed housing market.
ESA on EHS | The US housing market posted some ugly indicators in February, with near-record low inventory and huge price hikes (+15%).
ESA on EHS | US existing home sales decreased year-over-year in September. Prices continued upward. A staggering 86% of homes sold were on the market less than 1 month.
ESA Car Keys | Auto inventory will remain a concern well into 2022. Pent-up consumer demand will outpace vehicle supply well into 2022.
A lumber shortage is fueling more price concerns in the US housing market, already beset with inventory challenges.
ESA on EHS | The US housing market had ups and downs in March, with tight inventory and very high pricing dampening gains.
As housing inventory bottoms out, median prices continue their rise to historic levels … spelling big challenges for buyers and realtors.
ESA Car Keys | In this June 22 update, ESA’s Adam Armbruster highlights the surprise winners that have emerged in light of the rapidly changing automotive landscape.
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