by calculated risk November 12, 2024 09:26:00 AM
In today’s Calculated Risk Real Estate newsletter: 2nd edition of October local housing market
A brief excerpt:
Note: Active listings, new listings, and closed sales tables all include comparisons to October 2019 for each regional market (some 2019 data is not available).
This is my second visit to the local market in October. I track over 40 local housing markets in the United States. Some of the 40 markets are state and some are metropolitan. We will update these tables throughout the month as additional data is released.
The majority of October sales were contracts signed in August and September, when 30-year mortgage rates averaged 6.50% and 6.18%, respectively (Freddie Mac PMMS). Mortgage rates are at their lowest in two years.
…Here we will look at the number of months of supply using NSA sales. Please be careful of regional differences, especially in Florida (even though it’s October) Florida statistics affected by Hurricane Milton). This stock pick-up is Affecting prices in Florida.
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More local markets coming!
There’s a lot more to this article.
