2nd Look at Local Housing Markets in February

by Calculated Danger on 3/14/2023 11:42:00 AM

As we speak, within the Calculated Danger Actual Property E-newsletter:
2nd Take a look at Native Housing Markets in February

A quick excerpt:

That is the second have a look at native markets in February. I’m monitoring about 40 native housing markets within the US. A number 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.

In February, gross sales in these markets have been down 23.1%. In January, these similar markets have been down 33.8% YoY Not Seasonally Adjusted (NSA).

It is a considerably smaller YoY decline NSA than in January for these early reporting markets.

The early knowledge suggests NAR reported gross sales will rebound in February. This can nonetheless be a big YoY decline, and the 18th consecutive month with a YoY decline.

Many extra native markets to return!

There’s way more within the article. You possibly can subscribe at https://calculatedrisk.substack.com/