According to The Kobeissi Letter, the combined value of US homes surged by $2.5 trillion in 2024, reaching a near-record $49.7 trillion. Since 2012, the total value of homes has increased by 150%. Millennials' homeownership value rose 19% year-over-year to $9.7 trillion, accounting for approximately 20% of the housing market.

According to The Kobeissi Letter, the median price of new homes in the US increased by $31,000 in January to $446,300, marking the second-highest level on record. This spike follows the previous record of $460,300 in October 2022. Consequently, new home sales declined by 10.5%, indicating potential market cooling due to higher prices.

According to The Kobeissi Letter, approximately 73,000 homes were delisted in December after failing to attract buyers, marking the highest number in 9 years. This represents a 64% increase from about 44,500 homes removed from the market in December 2023, indicating a potential slowdown in the housing market. This trend may affect investor sentiment and market strategies in real estate-focused portfolios.

According to The Kobeissi Letter, the average US home is now selling for 1.8% less than its asking price, marking the largest discount in two years. This trend suggests a softening in the housing market, which could influence real estate investment strategies. Furthermore, the average selling time has extended to approximately 56 days, the longest in five years, indicating a cooling market that traders and investors should monitor for potential shifts in pricing dynamics.

According to The Kobeissi Letter, the average US home is now selling for 1.8% less than its asking price, marking the largest discount in two years. This development is significant for traders as it reflects a shift in market dynamics, indicating potential opportunities for real estate investors. Additionally, the average time for a typical home to sell has increased to approximately 56 days, the longest span in five years, which may affect housing market liquidity and pricing strategies.