Housing indicators include—EXISTING HOME SALES, new listings, pending sales, months supply of inventory, new home building permits, interest rates, purchase mortgage applications, mortgage rate locks, unemployment, mortgage defaults, foreclosure sales, google search trends, real estate portal traffic, home showing traffic and demographics.
I discuss each of these housing indicators for the national, LAS VEGAS and RENO, NEVADA real estate markets.
I also share my thoughts on the impact of oncoming economic headwinds, TIMING on when I think the REAL ESTATE MARKET will cool, and share some personal information about being laid off and how this will impact millions of Americans like me and our national economy in the months to come.
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NAR Existing Home Sales, Pending Home Sales and Inventory Supply:
Reno Sparks Association of Realtors Market Report May 2020:
Mike Del Prete New Listings and Pendings Tracker:
Federal Reserve Economic Data on Building Permits, Unemployment & Mortgage Defaults:
Mortgage Bankers Association Purchase Application Data:
American Economic Institute Housing Center Mortgage Rate Lock Data:
Shadowstats Unemployment Calculated by Historical Standard:
Black Knight Mortgage Forbearance:
Realty Trac Foreclosure Trends:
Zillow & Realtor.com Portal Traffic from Similar Web:
Showing Time Showing Traffic Report:
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I am a licensed Realtor (S.0172593) in Incline Village, NV, with Chase International, an independent, heart-centered brokerage and the Reno-Tahoe regional leader with almost $1.5 billion in property sales. Obsessively tracking the housing market and working with a handful of active clients at Lake Tahoe, my goal with this channel is to educate, entertain, and inspire people to actively pursue whatever dreams they seek.
#HousingMarket #SellAHouse #HousingCrash