by Calculated Threat on 6/06/2024 01:34:00 PM
In the present day, within the Calculated Threat Actual Property Publication: 1st Take a look at Native Housing Markets in Might
A short excerpt:
NOTE: The tables for energetic listings, new listings and closed gross sales all embrace a comparability to Might 2019 for every native market (some 2019 knowledge is just not obtainable).
That is the primary take a look at a number of early reporting native markets in Might. I’m monitoring over 40 native housing markets within the US. A number of the 40 markets are states, and a few are metropolitan areas. I’ll replace these tables all through the month as extra knowledge is launched.
Closed gross sales in Might have been largely for contracts signed in March and April when 30-year mortgage charges averaged 6.82% and 6.99%, respectively (Freddie Mac PMMS). That is down from the 7%+ mortgage charges within the August via November interval (though charges are actually again above 7% once more).
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In Might, gross sales in these markets have been up 3.3% YoY. Final month, in April, these identical markets have been up 8.2% year-over-year Not Seasonally Adjusted (NSA).Gross sales in all of those markets are down in comparison with Might 2019.
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This can be a year-over-year improve NSA for these early reporting markets. There have been the identical variety of working days in Might 2024 in comparison with Might 2023, so the year-over-year change within the seasonally adjusted gross sales shall be about the identical because the NSA knowledge suggests.
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This was only a few early reporting markets. Many extra native markets to return!
There may be rather more within the article.