by Calculated Threat on 11/12/2024 09:26:00 AM
Right this moment, within the Calculated Threat Actual Property Publication: 2nd Have a look at Native Housing Markets in October
A short excerpt:
NOTE: The tables for lively listings, new listings and closed gross sales all embody a comparability to October 2019 for every native market (some 2019 knowledge just isn’t obtainable).
That is the second take a look at native markets in October. I’m monitoring over 40 native housing markets within the US. Among 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 October have been principally for contracts signed in August and September when 30-year mortgage charges averaged 6.50% and 6.18%, respectively (Freddie Mac PMMS). These have been the bottom mortgage charge in 2 years!
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Here’s a take a look at months-of-supply utilizing NSA gross sales. Notice the regional variations, particularly in Florida (though October statistics in Florida have been impacted by Hurricane Milton). This pickup in stock is impacting costs in Florida.
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Many extra native markets to return!
There’s rather more within the article.
