September 2019 housing data: prices pull back but supply remains low

Submitted by Rich Toscano on October 11, 2019 - 4:07pm
A summary of last month in 2 charts:

1. Prices eased off



2. But months-of-inventory remains low, and supportive of somewhat higher prices. Unless that changes, I wouldn't expect anything like the price decline we saw at this time last year:



More graphs below!
































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Submitted by pokepud3 on October 17, 2019 - 1:21pm.

Thanks for the update. It does seem last year's stat and price drops around this time were solely based on the interest rate increase. We've since backpedaled on that and we do see this softening but it's not like last year where no one was putting offers for a good month on anything. (well except me of course, lol. sadly my lowballs didn't catch)

Submitted by phaster on October 17, 2019 - 6:56pm.

WRT to market prices for residential RE,... thought this was interesting

Why the 2008 Housing Crisis Recovery Is Just an Illusion (w/ Keith Jurow)
www.youtube.com/watch?v=GFkkN2M3Y3c

Submitted by gzz on October 28, 2019 - 5:42pm.

Trump admin enticing banks to make more FHA loans.

https://www.reuters.com/article/us-usa-h...

These are 3% down loans to borrowers with lower incomes and credit scores.

Submitted by spdrun on October 30, 2019 - 6:59am.

3% down has been a thing for a while, started again after Mel "the Skell" Watt took over FHFA.

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