On today’s Hot Sheet, Byron Lazine broke down new HousingWire data showing inventory growth slowed to 8.24% year over year as mortgage rates ended near 6.04% and pending sales dipped slightly from last year.
He also covered Redfin’s report that all-cash purchases fell to 29% of December sales, a five-year low as rates eased from their late-2023 highs.
For today’s third topic, Byron reviewed Realtor.com’s January Rental Report, which shows vacancies rising to 7.6% across the 50 largest metros, signaling a shift toward a more tenant-friendly market, with renters gaining the upper hand in 44 major U.S. cities.
