by Calculated Threat on 8/12/2024 11:12:00 AM
Immediately, within the Calculated Threat Actual Property E-newsletter: 2nd Take a look at Native Housing Markets in July
A short excerpt:
NOTE: The tables for energetic listings, new listings and closed gross sales all embody a comparability to July 2019 for every native market (some 2019 information isn’t obtainable).
That is the second take a look at native markets in July. 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 extra information is launched.
Closed gross sales in July had been principally 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 can be a lot decrease than the NSA information 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 may be way more within the article.
