by Calculated Danger on 12/18/2024 05:31:00 PM
At the moment, within the Calculated Danger Actual Property E-newsletter: 4th Take a look at Native Housing Markets in November
A short excerpt:
The NAR is scheduled to launch November Present House gross sales tomorrow, Thursday, December nineteenth at 10:00 AM. The consensus is for 3.97 million SAAR, up from 3.96 million in October. Final yr, the NAR reported gross sales in November 2023 at 3.91 million SAAR. This would be the second year-over-year acquire since July 2021 (final month was the primary).
Housing economist Tom Lawler expects the NAR to report gross sales of 4.09 million SAAR for November.
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Here’s a have a look at months-of-supply utilizing NSA gross sales. Be aware the regional variations with extra months-of-supply within the South, particularly in Florida and Texas (though November statistics in Florida have been doubtless nonetheless impacted by Hurricane Milton).
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A number of native markets – like Illinois, Miami, New Jersey and New York – will report after the NAR launch.
There may be way more within the article.
