Steven Thomas

📊 Mortgage rates ended the week near 6.65% after spiking Tuesday on inflation concerns tied to the war, then easing as signs of progress toward a peace deal emerged. 📅 PCE is up next Friday. #MortgageRates #HousingMarket

Ventura County Closed Sales: April 2026 🌴 Sales jumped 10% year over year, a notable gain in today’s market. Despite elevated rates, activity picked up, pointing to pockets of strength across the region. #HousingMarket #RealEstate

San Diego County Closed Sales: April 2026 🌊 Sales were essentially flat, with just two more homes sold than last year. In today’s rate environment, even holding steady highlights how tight and balanced the market remains. #HousingMarket #RealEstate

Los Angeles County Closed Sales: April 2026 🎬 Sales fell 4% year over year and remain 25% below the pre-COVID average. Activity continues to lag as affordability challenges keep a lid on demand. #HousingMarket #RealEstate

Orange County Closed Sales: April 2026 🍊 Closed sales edged up 1% year over year. Not a major move, but with mortgage rates still elevated, even modest gains point to resilience in today’s market. #HousingMarket #RealEstate

📊 Mortgage rates rose to 6.62% this week. PPI came in above expectations on Wednesday, pushing bond yields higher, while the lack of progress in peace talks continued to add pressure to inflation expectations. 📅 PMI is up next week. #MortgageRates #HousingMarket

@jonbrooks Not true. The spreads are better this year. Mortgage rates are 0.5% lower than a year ago, and inventory is dipping below last year's level. Look at the full picture and avoid cherry-picking data points to support a narrative; it is misleading.

If we crack 4.5%, RE breaks..

Southern California Expected Market Time update ⏱️ EMT has recently dipped below last year’s levels, signaling a slight pickup in market speed. Whether this holds will likely come down to consumer sentiment and where mortgage rates head next. #HousingMarket #SoCalRealEstate

Southern California distressed listings are trending higher! 📈 Even with the recent rise, they are still below the 3-year pre-COVID average. A shift worth watching, but not at elevated levels just yet. #HousingMarket #SoCalRealEstate

The “largest gap ever” narrative depends on how far back the data goes. In Southern California, the biggest supply vs. demand gap in our records was in September 2014. May 2025 is still about 10,000 lower. If Great Recession data were included, 2014 would look small. #Housing

Southern California housing demand has remained remarkably steady through 2026 so far 📈 With little improvement in affordability from mortgage rates, demand is similar to the past couple of years and remains well below the pre-COVID norm. #HousingMarket #SoCalRE

📊 Mortgage rates fell to 6.42% this week after hitting 6.56% on inflation and geopolitical concerns. Mixed jobs data also hinted that the labor market may be weakening. 📉 📅 Next week brings CPI, PPI, and Retail Sales. Expect volatility for mortgage rates. 📊 #MortgageRates

Maricopa County Phoenix New Listings: April 2026 🌵 Seller activity continues to run below both last year’s pace and the 3-Yr. average. Even with last year already trending softer than normal, fewer homeowners are choosing to enter the market today. #HousingMarket #RealEstate

Clark County - Las Vegas New Listings: April 2026 🎲 A year ago, new listing activity was running above the recent 3-year average. This year, it has fallen below both last year’s pace and the historical norm. A noticeable shift in seller participation. #HousingMarket #Listings

Bay Area New Listings: April 2026 🌁 Fewer sellers are stepping in compared to last year. Many are choosing to wait on the sidelines as higher rates and shifting conditions make timing more uncertain. #HousingMarket #RealEstate

Southern California New Listings: April 2026 🏠 New listings continue to fall deeper into negative year-over-year territory. Seller fatigue appears to be setting in as many pull back from today’s challenging market conditions. #HousingMarket #RealEstate

📊 Mortgage rates rose to 6.44% this week. Rates spiked midweek to 6.50% after news of a potential extended blockade of the Strait of Hormuz pushed bond yields higher, before easing slightly. 📅 Jobs week is next. #MortgageRates #HousingMarket #InterestRates

Southern California Cash Buyers: March 2026 💵 A closer look at buyer type shows cash activity picked up month over month. However, their overall share of the market remains largely unchanged, indicating the rise was in line with broader sales activity. #Housing #Cash

📉 March Market Snapshot Homes closing below the final list price made up a larger share in March. As only the third month of 2026, this is typical. Pricing usually needs time to firm up coming out of the slower winter (& holiday) months. #HousingMarket #RealEstate

📊 March Market Snapshot Share of homes closing above final list price is rising across our markets. Pricing tends to soften during the holidays and strengthen in the spring and summer. #HousingMarket #RealEstate