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ESA on EHS | Existing home sales while up 14.5% month-over-month, saw another steep year-over-year decline in February, at -22.6%. Inventory remains low.

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ESA on EHS: Existing-home sales fell 14.2% year-over-year as prices continue to surge upward. More inventory is becoming available, possibly due to a high cancelation rate (15%) in June.

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July 2022 marks the HMI’s (Housing Market Index) largest drop in its history, outside of the post-pandemic shock of April 2020.

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ESA on EHS | Home prices up 15%, sharp interest rate hikes, huge inflation and scant inventory all make for a stressed housing market.

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ESA on EHS | The US housing market posted some ugly indicators in February, with near-record low inventory and huge price hikes (+15%).

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ESA on EHS | US existing home sales decreased year-over-year in September. Prices continued upward. A staggering 86% of homes sold were on the market less than 1 month.

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The US housing market had some outsized metrics in 2020 and is showing signs of cooling . This will have delayed impacts on other industries.

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As housing inventory bottoms out, median prices continue their rise to historic levels … spelling big challenges for buyers and realtors.

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ESA on EHS | Year-over-year gains in the January 2020 housing market provide a positive sign for the beginning of 2020. The 5.46M SAAR for the year’s first month was a 9.6% gain over January 2019

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EHS | The US housing market ended 2019 on a strong note (+10.8 YoY for December). Here’s how that effects the 2020 local market in both up and down directions.