Newsletter • June 15, 2026

Not Too Hot. Not Too Cold. Is this housing market just right for buyers?

by Micah Ruddell

I’m glad you’re here!

I’ve put together a nice assortment of bite-sized pieces of real estate news, entertainment, and resources I think you’re going to enjoy. (And maybe even learn a thing or two you never knew you wanted to know!)

Here’s a sneak peek at what’s on tap:

• How hot is this new listing?

• Not too hot. Not too cold. Is this housing market just right for buyers?

• 3 tips for buying a home in a hot market

But first, let’s start it off with my…

Meme of the Week

Technically, you should call me so I can analyze inventory, absorption rate, days on market, and all that fun stuff… but this might work too 😄

st-joseph-statues

How hot is this new listing?

Well, that really depends on the day…

The world’s tallest thermometer recently hit the market in California. For $1.8 million, the new owner gets a 134-foot roadside attraction, a little over 4 acres in the desert, and a retail building they can turn into a coffee shop or fast-casual spot for road-trippers to grab a bite.

It’s probably not a reliable gauge of the overall real estate market… but considering it’s located in the desert, this one certainly qualifies as a hot listing.

Not too hot. Not too cold. Is this housing market just right for buyers?

That story about the world’s tallest thermometer got me thinking about how often people talk about the real estate market being “hot”… and how many buyers seem to be waiting for the market to cool down before jumping in.

Ironically, when the market does start cooling down and becoming more buyer-friendly, people often get nervous and assume something must be wrong.

So I recently published an article taking a closer look at whether the market conditions many buyers have been hoping for may have quietly arrived… without a giant thermometer announcing it.

“How’s the market?”

I get that question a lot, and I’m always happy to answer it! But there’s no one-size-fits-all answer. That’s why this newsletter doesn’t include weekly stats or price updates.

Besides, most people don’t care about real estate data until it actually matters to them. So instead of stats, I just try to keep this fun and entertaining.

Curious about a specific house? Wonder what your place is worth? Or just want a quick market snapshot?

Just hit reply and ask me! I’m always glad to give you any information, thoughts, or data you want. (And of course, no obligation or pressure! I love any opportunity to talk about the market.)

Trivia Time

In what country do homes generally depreciate in value and end up being torn down and replaced after about 30 years?

3) United States

Click the answer you think is correct.

3 tips for buying a home in a hot market

We’ve been talking about how some signs suggest the market may be cooling down and becoming a little more buyer-friendly.

But that doesn’t mean every market, neighborhood, price range, or house suddenly got the memo.

Some areas and price ranges are still as competitive as ever. And even in a cooler market overall, a well-priced house can still attract multiple offers and sell over asking price.

So I thought this would be a good time to share three tips that can help buyers stay competitive anytime the market starts heating up.

The fact is…

Interesting perspective to keep in mind if you’ve been waiting for the market to go into a deep freeze rather than simply cool off.

Image here

That wraps it up for this week!

Be on the lookout for the next one!

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