Pending Sales Continue to Slide?

Thread on our latest weekly housing market data. First, pending sales continue to slide. Seasonally-adjusted they fell 2% from the previous week and down 14% from the peak 12 weeks ago.  https://t.co/ohnepPl6wc

— Taylor Marr (@tayloramarr) July 30, 2021

Rent for 1-Bedroom Units Sets Record in 2021

Nicolas Bedo: 1-BR units saw sizeable #rent growth in June, w/ median rent at $1,466 nationally, up $109 (8.0%) YoY. The median monthly rent for 1-bed units has increased 10.8% ($143) since June 2019, reaching the highest level in our data history. https://t.co/rDxxKEBDpu pic.twitter.com/y7AYpjQazH

— Realtor.com Economics (@RDC_Economics) July 22, 2021

First, Texas and Florida; Now, Idaho?

Mountain West Attracts New Residents https://t.co/sApgiGmH88

— zerohedge (@zerohedge) July 17, 2021

Young Folks Feeling the Squeeze on Homeownership

Price pressures are evident across all generational cohorts, but especially so for younger #2021HomeBuyers. Millennial & #GenZ buyers have highest shares willing to pay more than asking, at 79% each vs. 59% of Silent generation & 58% of #GenX. @GeorgeRatiu pic.twitter.com/JOLgI8r42e

— Realtor.com Economics (@RDC_Economics) July 7, 2021

Real Estate Market Values Are Determined by Rental Rates