THE LOCATION STRATEGY TOP 10 CHARTBOOK

A QUICK REVIEW OF MARKET CONDITIONS FOR HOUSING.

"Another clue the Fed is likely done hiking? Fed funds rate > CPI YoY ... finally. Each of the previous 8 cycles could stop once this was in place."

Unemployment has risen after every tightening cycle historically and continued to rise for 34 months post the end of tightening in each of the last two major cycles.

"The US Housing Market Index rose for the 5th consecutive month, highest since last July, reflecting increasing homebuilder confidence. A major reason: lack of existing supply, with new construction representing 33% of current housing inventory vs. a historical average of 13%."

There Are Only Four Major U.S. Metro Areas Where It’s Cheaper to Buy a Home Than Rent - The typical home costs an estimated 25% more per month to own than rent. Houston is one of those.

Homeowners are refusing to accept the fact that their home values have probably flattened and may have declined.

New home sales are outperforming existing. The mortgage trap is real.

Home listings are down sharply.

US homeownership rates by generation and age:

Although down a little since last year, Americans still believe real estate is the best investment by a wide margin.

Since even before the Covid pandemic began, more working-age college graduates have been leaving New York, Chicago and Los Angeles than moving to those areas. Over the past few years — as remote work became more common — the list of regions losing college-educated workers has grown to include San Francisco and Washington. Many of the people leaving those places have moved to less expensive major metro areas, like Atlanta, Austin, Dallas, Denver, Houston, Nashville, Phoenix and Tampa.

Here is a look at active and new listings of luxury homes by city.

Scott Davis

LOCATION STRATEGY, LLC

1302 Waugh Drive #178

Houston, Texas 77019

832.304.DIRT (3478)

www.locationstrategyllc.com