Davy Thomsen & Associates

22/04/2026

Even with this increase, inventory is still tight compared to historical norms, which continues to put pressure on the market. According to NAR Chief Economist Lawrence Yun, limited supply has helped support home prices and that price growth has added significant value for homeowners over time.

In fact, Yun noted that the typical homeowner has gained about $128,100 in housing wealth over the past six years.

Even modest appreciation can make a difference. For example, a $500,000 home gaining 3% in a year would add about $15,000 in value, highlighting how homeownership can build wealth over time

17/04/2026

Mortgage rates continued to edge lower this week, hitting a four-week low on Tuesday, April 14th. This helped mortgage application volume rise by 1.8% last week when compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, decreased to 6.42% from 6.51%, with points increasing to 0.62 from 0.61, including the origination fee, for loans with a 20% down payment.

17/03/2026

What to look for this week:
The Fed's second meeting of the year begins on Tuesday, with its policy decision and press conference set for Wednesday afternoon. The central bank is widely expected to leave its benchmark Fed Funds Rate unchanged.

Several housing and economic reports are also on tap. Pending Home Sales arrives on Tuesday, followed by New Home Sales on Thursday. We'll also get a wholesale inflation update on Wednesday and the latest jobless claims data on Thursday.

17/03/2026

Existing Home Sales Edge Higher in February

After declining in January, existing home closings rose 1.7% in February, according to the National Association of REALTORS® (NAR). Housing inventory also increased, rising 2.4% from January to 1.29 million homes. That's 4.9% higher than the same time last year.

What's the bottom line?

Housing affordability is gradually improving, which is helping bring some buyers back into the market, according to NAR Chief Economist Lawrence Yun. However, while inventory is growing, it's doing so slowly. Yun noted that if demand strengthens faster than supply in the coming months, home prices could face renewed upward pressure – underscoring the need for more housing supply.

17/03/2026

Housing Starts Rebound but All in Multi-Family

Housing starts unexpectedly increased, but the rise was entirely driven by multi-family construction. Multi-family starts had remained subdued ahead of this report, which pointed to potential pressure on rental prices that could contribute to higher inflation. However, with multi-family starts jumping 30% in January alone, that concern would be less significant if this trend continues. Single-family starts, meanwhile, declined.

Housing permits moved lower for both single-family and multi-family units, suggesting that despite the increase in starts, there is less future supply in the pipeline.

10/03/2026

DON'T MISS OUT!
Home Price Forecast Shows Opportunities for Buyers

Home prices slipped just 0.1% in January, according to Cotality's latest Home Price Insights report. Despite the small monthly dip, values are still up 0.7% compared to a year ago, only slightly below December's 0.9% annual pace.

What's the bottom line?

The longer-term trend is encouraging. Cotality expects home prices to rise 4.4% over the next year, pointing to potential relief in mortgage rates and ongoing buyer demand.

And over time, real estate continues to build wealth. For example, a $500,000 home appreciating at 4% would gain about $20,000 in value in just one year, showing how even moderate appreciation can add up.

07/03/2026

Do you know how long the average homeowner stays in their home?

Over the past decades, homeowners have been staying put for longer than before. Homeowner tenure peaked at 13.4 years in 2020, roughly doubling the average tenure from 2005. These numbers declined marginally for four years before ticking up in 2025.
Currently, the typical U.S. homeowner stays put in their house for 12 years, the longest median occupation since 2022.

Homeowner tenure is longest in California, largely because state laws such as Proposition 13, which locks owners into low property taxes, encourage them to stay. In Los Angeles, the typical homeowner hangs onto their house for 20 years, followed by San Jose, where it's nearly 19 years. Homeowners leave their hearts in San Francisco for 16.5 years, while those in San Diego stay for an average of 14.5 years.

In contrast, homeowners in more affordable metro areas don't wait nearly as long before pulling up stakes. For example, a typical owner in Louisville, KY, spends 8.3 years in a house before selling. Other mobile movers live in Las Vegas (8.8 years), Charlotte, NC (9.2 years), Orlando, FL (9.2 years), and Raleigh, NC (9.3 years).

Tenure is shorter in many of these cities because of their relative affordability, and because they're popular vacation destinations. Residents may move to one of these cities for employment opportunities, which may turn out to be short-term. Investors are also selling properties in Las Vegas and Orlando, creating more turnover and availability.

04/03/2026

Now may be the time!
As mortgage rates have eased, more buyers have returned to the market. At the same time, builders remain cautious, and adding new supply takes time due to permitting and construction timelines. When demand improves but inventory grows slowly, prices tend to stay supported. If rates continue to move lower, renewed demand could place additional upward pressure on home values.

Looking ahead, Fannie Mae and Pulsenomics recently released their Home Price Expectations Survey, which polls 150 top economists for their forecasts. The current median projection calls for 15% cumulative price growth over the next five years. For perspective, a $500,000 home could gain approximately $75,000 in value during that time – highlighting the long-term wealth-building potential of homeownership.

28/02/2026

Now may be the time?

24/02/2026

Home prices and Interest rates are coming down. Now may be a perfect time to list or buy a home. Check out my moving offer that will save you money on your moving expenses.

18/02/2026

Existing Home Sales Ease to Start 2026

After a nice boost in December, existing home sales fell 8.4% month over month in January, according to the National Association of REALTORS® (NAR). Sales were also down 4.4% compared to a year ago. Housing inventory dipped 0.8% from December to 1.22 million homes but remained 3.4% higher than this time last year.

What's the bottom line?

NAR Chief Economist Lawrence Yun called the drop in sales "disappointing," noting that unusually cold temperatures and heavier-than-normal precipitation in January make it difficult to determine whether the decline reflects underlying market conditions or a temporary weather-related slowdown.

He added that affordability is improving, with NAR's Housing Affordability Index showing homes are the most affordable they've been since March 2022.

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