Supply hits a 10-year high
Single-family home sales just had their worst spring opening since mid-2025, and condo sales hit an all-time record low.
Inventory keeps piling up faster than buyers are showing up, pushing supply to a 10-year high for March.
Prices barely moved nationally, up just 1.2%, but some cities tell a very different story.
Austin and Oakland are down 25% from their peak while Chicago and New York keep climbing.
For distressed real estate investors, slow sales and big price gaps between cities are where the opportunities tend to show up.
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Single-Family Home Sales Drop Further into Deepfreeze
Single-family sales fell 3.5%, condo sales sank to a record low, and supply hit its highest March level in a decade. Rates stayed in the mid-6s, but demand still looks frozen, especially in the Northeast where sales just hit a record low.
Homebuyer Mortgage Demand Drops Annually for the First Time in Over a Year
The spring market just caught a fresh wobble. Purchase demand fell 7% from a year ago, the first annual drop since January 2025, while refis hit their weakest pace since December. Rates eased to 6.51%, but war-driven uncertainty is still keeping buyers cautious and momentum thin.
Top 10 U.S. Counties with Highest Effective Property Tax Rates in 2025
Home values dipped, but tax bills kept climbing. In parts of Illinois, New York, and Pennsylvania, owners are paying over 2% a year just to hold the house.
Mortgage Demand Contracted at a Slower Pace Last Week
Mortgage demand is still slipping, applications fell 0.8%, refis sank to their weakest level since December, and purchase demand posted its first annual drop since early 2025. FHA and ARM loans are carrying more of the load as buyers chase lower rates where they can.
Used Vehicle Prices Jumped. That’s How it Started in 2020 when Inflation Took Off
Used car prices just made a move worth watching. Wholesale values jumped 4.2% in March, the biggest yearly gain since the pandemic spike, and that same setup helped kick off broader inflation in 2020.
