by Calculated Danger on 1/13/2025 10:09:00 AM
At present, within the Calculated Danger Actual Property E-newsletter: 2nd Have a look at Native Housing Markets in December
A quick excerpt:
NOTE: The tables for lively listings, new listings and closed gross sales all embrace a comparability to December 2019 for every native market (some 2019 knowledge will not be out there).
That is the second take a look at a number of early reporting native markets in December. I’m monitoring over 40 native housing markets within the US. A few of 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 charge for houses that closed in November, however down from the typical charge of seven.5% in October and November 2023.
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Here’s a take a look at months-of-supply utilizing NSA gross sales. Since that is NSA knowledge, it’s doubtless this would be the seasonal low for months-of-supply.Notice the regional variations with extra months-of-supply within the South, particularly in Florida and Texas.
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Many extra native markets to come back!
There may be rather more within the article.
