by Calculated Danger on 11/12/2024 09:26:00 AM
At this time, within the Calculated Danger Actual Property E-newsletter: 2nd Take a look at Native Housing Markets in October
A quick 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 is just not accessible).
That is the second have 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 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 charge in 2 years!
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Here’s a have a look at months-of-supply utilizing NSA gross sales. Word the regional variations, particularly in Florida (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 may be far more within the article.
