BIG ResiClub announcement coming this week 👀

#NEW Zillow home price data for America's 50 largest metro housing markets 1. MoM (month over month) 2. YTD (year to date) 3. YoY (year over year) 4. Shift since 2022 peak 5. Down from peak 6. Since March 2020 Data for every market: resiclubanalytics.com/p/detailed-hom…

LEFT: U.S. housing starts RIGHT: U.S. housing completions The former is upstream of the latter

HOME PRICE FORECAST 5 markets Zillow expects to see the biggest home price declines over the next 12 months: -5.9% —> New Orleans, LA -3.6% —> San Francisco, CA -3.0% —> Baton Rouge, LA -2.7% —> Austin, TX -2.5% —> Honolulu, HI app.beehiiv.com/posts/24053d3b…

Who’s in control? Home sellers in the Northeast, Midwest, and Southern California—homebuyers in Florida and Texas Survey data via John Burns John Burns Research and Consulting resiclubanalytics.com/p/whos-control…

It's easy to see why homebuyers are frustrated The past few years marked the fastest ever deterioration in U.S. housing market affordability

Refi has gained some recent traction as some borrowers who secured 7.0% to 8.0% rates over the past 18 months take advantage of the recent rate dip for some relief Still not a 'refi boom'—but instead a bounce off the multi-decade lows hit during the mortgage rate shock

Selling off federal land isn’t unheard of: from 1990 to 2018, federal land decreased by 5% Percentage of state land owned by the federal government 👇 Our deep dive: resiclubanalytics.com/p/politicians-…

Year-over-year change in median monthly condo HOA dues +17.2% --> Tampa +16.7% --> Orlando +16.2% --> Fort Lauderdale +5.7% --> U.S. resiclubanalytics.com/p/spiking-hoa-…

In Las Vegas, publicly traded homebuilders control a staggering 87% of the new home market Nationally, publicly traded homebuilders have 51% market share—up from 25% in 2005 resiclubanalytics.com/p/publicly-tra…

“The cost per square foot of a [new] single-family home declines systematically as the home becomes larger… In microeconomics, unit costs that decline as a business operation increases in size are called economies of scale” - NAHB 🏠 resiclubanalytics.com/p/hidden-reaso…

12-month active housing inventory shift: U.S. --> +36% Florida --> +66% Georgia --> 53% North Carolina --> 52% Washington --> 49% Arizona --> 45% resiclubanalytics.com/p/4-states-bac…

States ABOVE 2019 pre-pandemic inventory levels: Idaho Texas Florida Tennessee Almost there: Colorado Washington Utah Arizona resiclubanalytics.com/p/4-states-bac…