by Calculated Risk July 3, 2024 11:50 AM
In today’s Real Estate Newsletter: ICE Mortgage Monitor: Existing Home Inventory Surges in Florida and Texas
excerpt:
According to the local data I’ve been tracking, inventory is higher than normal in Florida and Texas, but is still low in most parts of the country.
• New property inflows nationwide over the past three months have fallen an average of 23% from pre-pandemic levels, Most markets in Texas and Florida are seeing new listings at or above their pre-pandemic averages.
• In fact, of the 19 markets where new listings are within 10% of the 2017-2019 average for that month, 14 are in Texas or Florida.Seven of the nine markets are in the black.
There’s a lot more in the article.
