by Calculated Danger on 11/21/2024 10:51:00 AM
In the present day, within the CalculatedRisk Actual Property E-newsletter: NAR: Present-Dwelling Gross sales Elevated to three.96 million SAAR in October
Excerpt:
As anticipated, present house gross sales had been up year-over-year for the primary time since 2021. This was a mixture of weak gross sales in October final yr and decrease mortgage charges in August and September when contracts had been signed (Present house gross sales are reported at closing).
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The gross sales charge was above the consensus forecast (however at housing economist Tom Lawler’s estimate).
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Gross sales Yr-over-Yr and Not Seasonally Adjusted (NSA)The fourth graph exhibits present house gross sales by month for 2023 and 2024.
Gross sales elevated 2.9% year-over-year in comparison with October 2023. This was the primary year-over-year enhance since July 2021.
