Tag Archives: HouseCanary

“The slight increase in December listings indicates the impact of lower mortgage rates is beginning to trickle down into the market, which comes as an optimistic sign as we head into the new year," said Jeremy Sicklick, Co-Founder and CEO of HouseCanary.

While rent prices remain historically high despite a slight increase in year-over-year price growth, Single-Family Rental inventory surged in Q3 compared to the previous year, according to a new study from HouseCanary. Here are the details.

HouseCanary’s most recent Market Pulse Report notes that market activity—in terms of net new listing volume—remains sharply down year-over-year. Just how much are volumes lagging behind? Click through to find out.

HouseCanary's August Market Pulse report revealed depressed market activity has resulted in net new listing volume trailing behind overall contract volume, as total inventory remains down nearly 13% compared to the same time in 2022.

While both listed and closed prices experienced positive year-over-year growth in June, experts predict that market activity will remain at relatively low levels heading into Q3 2023, with the Federal Reserve continuing to increase rates at a slow pace.

”Buyers and sellers alike are looking towards the upcoming Federal Reserve meeting with hope, as some experts anticipate the reversal of rate hikes, which could potentially lead to a resurgence in activity.”

HouseCanary reports the number of homes that experienced price cuts increased over 130% year-over-year, as the market has been reported to be adjusting to continuous rate hikes.

According to a new report from HouseCanary, signs of a market rebound earlier this year retreated in February.

“As we predicted in December, the beginning of 2023 is proving to show slow market activity, as both net new listings and contract volumes are sitting at multi-year lows,” said Jermey Sicklick, Co-Founder and CEO of HouseCanary.

HouseCanary, Inc. has released its latest monthly Market Pulse report, covering 22 listing-derived metrics and comparing data between August 2021 and August 2022, which found that the housing market cooldown that appeared earlier this year continued into the traditional end of ...