by Calculated Danger on 6/11/2024 11:18:00 AM
In the present day, within the Calculated Danger Actual Property E-newsletter: 2nd Have a look at Native Housing Markets in Could
A quick excerpt:
NOTE: The tables for energetic listings, new listings and closed gross sales all embody a comparability to Could 2019 for every native market (some 2019 information shouldn’t be accessible).
That is the second take a look at a number of early reporting native markets in Could. 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 information is launched.
Closed gross sales in Could had been principally for contracts signed in March and April when 30-year mortgage charges averaged 6.82% and 6.99%, respectively (Freddie Mac PMMS). That is down from the 7%+ mortgage charges within the August by means of November interval (though charges are actually again above 7% once more).
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In Could, gross sales in these markets had been up 1.5% YoY. Final month, in April, these similar markets had been up 7.9% year-over-year Not Seasonally Adjusted (NSA).Gross sales in all of those markets are down in comparison with Could 2019.
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This can be a small year-over-year enhance NSA for these markets. There have been the identical variety of working days in Could 2024 in comparison with Could 2023, so the year-over-year change within the seasonally adjusted gross sales will likely be about the identical because the NSA information suggests.
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Many extra native markets to return!
There may be far more within the article.
