A Turning Point for the Housing Market? | Nov. Housing Market Update
Summary
A BiggerPockets blog post discusses the cooling housing market, indicating a shift towards a buyer's market. Hosts should understand this shift as it could mean more opportunities for better deals on properties and adjusting strategies for pricing and occupancy.
Key Insights
- •Inventory has been growing for 24 consecutive months. The number of actively listed homes is up 15% year over year, and nationwide inventory is still 13% below pre-pandemic levels.
- •Days on market have increased to 63 days on average, 5 days longer than last year.
- •Price reductions are up. 20% of homes listed had price reductions in October, up from 18.5% in September.
Action Items
- ✓If you're a buyer, be patient and look at multiple deals before making an offer.Effort: lowImpact: medium
- ✓If you're a seller, budget for longer hold periods because things are taking longer to sell.Effort: lowImpact: medium
Tools & Resources
- →Redfin data center: Redfin data center is a free tool to use to check out housing market data.
Related News
KB Home bets on built-to-order strategy amid a spec-heavy market
KB Home is shifting its focus to a built-to-order (BTO) strategy, aiming for higher margins in a challenging market. Hosts should pay attention to this trend as it may impact competition and pricing in their local markets, especially if private builders react to the changes.
![An Overview of Dynamic Pricing for Hosts [+5 Tools Included]](/_next/image?url=https%3A%2F%2Fwww.igms.com%2Fcontent%2Fimages%2Fwordpress%2F2022%2F10%2FDepositphotos_dynamic_pricing.jpg&w=3840&q=75)
An Overview of Dynamic Pricing for Hosts [+5 Tools Included]
This article discusses dynamic pricing for short-term rentals, explaining how it works to optimize revenue and occupancy by adjusting rates based on market conditions. Hosts should consider implementing dynamic pricing, using tools that automatically adjust rates, to stay competitive and maximize profits.
United Real Estate CEO Dan Duffy on the roadmap for competitive advantage
This article highlights the importance of data and AI in gaining a competitive edge in the 2026 housing market, emphasizing that hosts who prioritize data-driven decisions and adapt to market changes will thrive. Hosts should focus on leveraging data and AI to make informed decisions about their STR business to capture market share.
Foreclosure Starts Fall 7.6% Nationally, But These Key Counties Show Rising Distress
Foreclosure starts are down nationally, but certain counties are seeing a rise in early-stage filings, which can indicate future pre-foreclosure opportunities. Hosts in Florida, California, Ohio, North Carolina, and Texas should monitor county-level data to anticipate potential distressed property sales and consider how this might affect their local markets.