Present State of the Housing Market; Overview for mid-September 2024

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by Calculated Threat on 9/16/2024 02:46:00 PM

Immediately, within the Calculated Threat Actual Property Publication: Half 2: Present State of the Housing Market; Overview for mid-September 2024

A quick excerpt:

On Friday, in Half 1: Present State of the Housing Market; Overview for mid-September 2024 I reviewed residence stock, housing begins and gross sales.

In Half 2, I’ll have a look at home costs, mortgage charges, rents and extra.

Different measures of home costs counsel costs will probably be up much less YoY within the July Case-Shiller index than within the June report. The NAR reported median costs have been up 4.2% YoY in July, up from 4.1% YoY in June.

ICE reported costs have been up 3.6% YoY in July, down from 4.1% YoY in June, and Freddie Mac reported home costs have been up 4.4% YoY in July, down from 5.2% YoY in June.

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 look like main indicators for Case-Shiller. Primarily based on current month-to-month information, and the FMHPI, the YoY change within the Case-Shiller index will probably be decrease YoY in July in comparison with June.

There’s far more within the article.

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