by Calculated Danger on 11/18/2024 12:47:00 PM
Right this moment, within the Calculated Danger Actual Property E-newsletter: third Take a look at Native Housing Markets in October
A short excerpt:
NOTE: The tables for lively listings, new listings and closed gross sales all embrace a comparability to October 2019 for every native market (some 2019 knowledge will not be obtainable).
That is the third take a look at native markets in October. I’m monitoring over 40 native housing markets within the US. A few of the 40 markets are states, and a few are metropolitan areas. I’ll replace these tables all through the month as further knowledge is launched.
Closed gross sales in October had been largely for contracts signed in August and September when 30-year mortgage charges averaged 6.50% and 6.18%, respectively (Freddie Mac PMMS). These had been the bottom mortgage fee 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 and Texas (though October statistics in Florida had 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.
