Jennings Property Services, LLC

11/13/2025

Times are a changing…

The historically low share of first-time buyers underscores the real-world consequences of a housing market starved for affordable inventory.

09/09/2025

09/05/2025

At no other point on record have sellers outnumbered buyers this much. Home prices will likely fall as a result.

08/15/2025

Based on the latest data, here’s how East Texas compares to the broader U.S. — and Texas overall — when it comes to months of home inventory, and what that means for you as a buyer or a seller:

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1. National New-Home Inventory (June 2025)

• The U.S. months’ supply of new single-family homes stood at 9.8 months, according to the U.S. Census Bureau and HUD for June 2025.

• For context, a balanced housing market is generally around 5–6 months of supply. Ten months indicates ample inventory and a buyer’s market.

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2. Texas Statewide Market

• In Q1 2025, Texas overall had about 4.8 months of home inventory — a level aligned with a balanced market.

• Other indicators vary slightly: one source reported 5.5 months of supply as of May 2025 , while another described a balanced market with around 6 months of supply earlier in 2025.

• Overall, Texas hovers near that ideal balance mark — much leaner compared to the national figure, especially for new homes.

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3. East Texas (Regional Insight)

• A localized update notes that East Texas currently sits at about 4.8 months of available home inventory — placing it within the “healthy” zone where neither buyers nor sellers dominate.

• In Smith County (includes Tyler area), months of inventory are up compared to May 2024, and the market is no longer the intense seller’s market it once was — now trending more balanced .

Takeaways

• Nationally, new-home inventory is high, leading to a buyer’s market.

• Texas maintains a more balanced position, with inventory levels closer to what’s traditionally considered healthy.

• East Texas reflects that balanced state trend, with around 4.8 months of inventory, providing good options for buyers while still allowing competitive activity for sellers.
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07/04/2025

🇺🇸 Honoring Our Forefathers 🇺🇸

As we celebrate the birth of our nation, let’s take a moment to reflect on the courage, sacrifice, and unwavering determination of our forefathers who fought for the freedoms we enjoy today.

In 1776, against all odds, they stood up for liberty and laid the foundation for the United States of America. Their vision, bravery, and belief in a better future shaped the course of history.

Today, we honor their legacy with gratitude in our hearts. Freedom isn’t free—it’s earned, protected, and passed down. Let’s never take it for granted.

05/19/2025

MORTGAGE Demand is COLLAPSING…

US mortgage applications for single-family homes fell 3.7% last week, marking their 4th consecutive weekly decline.

As a result, the mortgage demand index has fallen to the lowest since February 2024 and its 3rd lowest level in nearly 30 years.

The index has now fallen a whopping -63% over the last 4 years. This comes as home financing costs have rapidly surged while prices remain at all-time highs. Since mid-September, 30-year fixed mortgage rates have risen ~110 basis points and are back above 7%.

Mortgage demand is at 1990s levels.

But Home prices have barely collapsed…

So what’s going on?

04/13/2025

Over the past 75 years, housing prices have only declined 7 times & worst one occurred during the Great Financial Crisis from 2007-2011.

04/05/2025

MORTGAGE Demand is COLLAPSING…

US mortgage applications for single-family homes fell 3.7% last week, marking their 4th consecutive weekly decline.

As a result, the mortgage demand index has fallen to the lowest since February 2024 and its 3rd lowest level in nearly 30 years.

The index has now fallen a whopping -63% over the last 4 years. This comes as home financing costs have rapidly surged while prices remain at all-time highs. Since mid-September, 30-year fixed mortgage rates have risen ~110 basis points and are back above 7%.

Mortgage demand is at 1990s levels.

Thoughts?

03/22/2025

Early morning fence building!

03/20/2025

Can you guess what we are about do do here?

12/25/2024

Isaiah 9:6
For to us a child is born, to us a son is given, and the government will be on his shoulders. And he will be called Wonderful Counselor, Mighty God, Everlasting Father, Prince of Peace.