by Calculated Threat on 8/12/2024 11:12:00 AM
Right now, within the Calculated Threat Actual Property Publication: 2nd Have a look at Native Housing Markets in July
A short excerpt:
NOTE: The tables for energetic listings, new listings and closed gross sales all embrace a comparability to July 2019 for every native market (some 2019 knowledge shouldn’t be accessible).
That is the second take a look at native markets in July. I’m monitoring over 40 native housing markets within the US. A number of the 40 markets are states, and a few are metropolitan areas. I’ll replace these tables all through the month as extra knowledge is launched.
Closed gross sales in July had been largely for contracts signed in Could and June when 30-year mortgage charges averaged 7.06% and 6.92%, respectively (Freddie Mac PMMS).
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In July, gross sales in these markets had been up 4.8% YoY. Final month, in June, these identical markets had been down 10.9% year-over-year Not Seasonally Adjusted (NSA).Essential: There have been two extra working days in July 2024 in comparison with July 2023 (22 vs 20), so seasonally adjusted gross sales might be a lot decrease than the NSA knowledge suggests. That is the alternative of what occurred in June.
Gross sales in all of those markets are down considerably in comparison with July 2019.
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Many extra native markets to come back!
There’s way more within the article.
