by Calculated Threat on 6/13/2024 10:49:00 AM
Right this moment, within the Calculated Threat Actual Property E-newsletter: Half 2: Present State of the Housing Market; Overview for mid-June 2024
A short excerpt:
Yesterday, in Half 1: Present State of the Housing Market; Overview for mid-June 2024 I reviewed house stock, housing begins and gross sales.
In Half 2, I’ll take a look at home costs, mortgage charges, rents and extra.
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Different measures of home costs counsel costs might be up about the identical YoY within the April Case-Shiller index. The NAR reported median costs have been up 5.7% YoY in April, up from 4.7% YoY in March. ICE reported costs have been “cooling”, however nonetheless up 5.1% YoY in April, down from 5.7% YoY in March, and Freddie Mac reported home costs have been up 6.5% YoY in April, down from 6.6% YoY in March.Here’s a comparability of year-over-year change within the FMHPI, median home costs from the NAR, and the Case-Shiller Nationwide index.
The FMHPI and the NAR median costs seem like main indicators for Case-Shiller. Based mostly on latest month-to-month knowledge, and the FMHPI, the YoY change within the Case-Shiller index will probably be about the identical YoY in April as in March.
There may be way more within the article.
