by Calculated Threat on 1/08/2025 01:02:00 PM
In the present day, within the Calculated Threat Actual Property E-newsletter: 1st Take a look at Native Housing Markets in December
A quick excerpt:
NOTE: The tables for energetic listings, new listings and closed gross sales all embody a comparability to December 2019 for every native market (some 2019 knowledge isn’t obtainable).
That is the primary take a look at a number of early reporting native markets in December. 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 December have been largely for contracts signed in October and November when 30-year mortgage charges averaged 6.43% and 6.81%, respectively (Freddie Mac PMMS). This was a rise from the typical price for houses that closed in November, however down from the typical price of seven.5% in October and November 2023.
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In December, gross sales in these markets have been up 18.1% YoY. Final month, in November, these identical markets have been up 17.6% year-over-year Not Seasonally Adjusted (NSA).Be aware that most of those early reporting markets have proven stronger year-over-year gross sales than most markets (for the final a number of months).
Necessary: There was another working day in December 2024 (21) as in comparison with December 2023 (20). So, the year-over-year change within the headline SA knowledge will lower than the NSA knowledge suggests (there are different seasonal components).
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This was simply a number of early reporting markets. Many extra native markets to come back!
There’s far more within the article.
