On today’s Hot Sheet, Byron Lazine discussed Logan Mohtashami’s Housing Market Tracker data showing inventory unexpectedly declining year over year, with pending sales rising and price cuts falling compared to last year.
He also covered the latest NAHB-Wells Fargo Housing Market Index and U.S. Census Bureau housing data, which showed builder confidence slipping in June alongside declines in building permits, housing starts, and completions in May.
For the final topic, Byron reviewed a new Zillow analysis revealing that the number of U.S. cities with $1 million starter homes has reached a record 242, nearly tripling since before the pandemic.
