October News from Christina!

 
October News from Christina!
 
Happy Fall!

Learn how I can help you achieve your real estate goals with the power of the nation's #1 brokerage on your side.

Strength in Numbers

Hello and Happy Fall!
 
My October newsletter is focusing on our national real estate market. 
 
Read further and take a deep dive into our latest market insights on national home sales and pricing, inventory, interest rates, unemployment rates, and inflation.
 
Please feel free to reach out with any questions about your local market and how this information impacts the value of your home. 
 
Interested in buying, selling, or real estate investments? 
Are you considering a relocation out of state?
 
Reach out to me anytime for a no obligation consultation!
 
925.548.6534
 
Compass 
 
National Real Estate Highlights

 
Monthly median house sales price since 2020: The August 2023 
median price increased slightly from July, and was up 3.7% year-over-year. 

 
Median home sales prices since 1990. After dropping in late 2022, 
prices have rebounded in 2023 close to their historic peak in June 2022.

 
U.S. median house sales price appreciation over varying periods since 1990.

 
The number of new listings in August 2023 dropped 7.5% year-over-year. Over
 the past 12 months, almost a million fewer new listings came on market. 

 
Long-term trends in the number of homes for sale: This 12-month-rolling-average chart illustrates the enormous changes in inventory since 2000 and since 2020.

 
Long-term trends in sales: On a 12-month-rolling-average basis, sales volume - after surging during the pandemic boom - is the lowest since the great recession.

 
Days on market: Generally speaking, homes continue to sell very quickly, 
though not quite as quickly as during the height of the pandemic boom. 

 
Mortgage interest rates since 2022, with an insert showing trends since 1976. 
Since August, rates have been bumping along above 7%. 

 
In September, the Fed paused their interest-rate increases. This chart 
from 1981 reviews their long history of dramatic economic interventions.

 
Inflation, the Fed's greatest concern, is far down from its mid-2022 peak (a 
4-decade high), but has not seen significant improvement in recent months.

 
Employment has remained very strong despite the headwinds 
the economy has faced over the last 18 months. 

 
Just released U.S. Census estimates for 2022: The next 
2 slides review national data from a variety of angles. 

 
 
Affordability: Median home sales price appreciation vs. the change in median household income, 1989 - 2022. Interest rates are the other big factor.

 
As a percentage of total sales, purchases by 1st time homebuyers 
have significantly declined, an important dynamic in the market.

 
A greater percentage of younger adults - in the age segment that 
typically fuels new-homebuyer sales - are still living with their parents.

 
According to RealTrends, Compass sells more residential real estate, 
in dollar-volume sales, than any other brokerage in the nation.

ChristinaSpaulding.com

 
Please let me know if I can be of assistance to you, or to your family, friends and colleagues. 
 
It would be my privilege to assist you!

Christina Spaulding
 
DRE# 02033139
M: 925.548.6534
[email protected]

National and regional statistics are generalities, essentially summaries generated by thousands of unique, individual listings and sales occurring across different market segments. They are best seen not as precise measurements, but as broad, comparative indicators with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, and last period data should be considered preliminary estimates which may be revised in future updates. Different analytics programs sometimes define standard statistics - such as "active listings," "days on market," and "months supply of inventory" - differently: What is most meaningful are not specific numeric calculations but the trends they illustrate. Data from sources deemed reliable, but may contain errors, and subject to revision. All numbers to be considered approximate, and how these analyses apply to any particular property is unknown without a specific comparative market analysis.

Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.