Surge in Real Estate Market? Not Really.
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.
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.
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.
July 2022 marks the HMI’s (Housing Market Index) largest drop in its history, outside of the post-pandemic shock of April 2020.
The US housing market hit another snag in June, as purchase cancelation rates hit a staggering 15%, the highest since pre-pandemic.
ESA on EHS | Home prices up 15%, sharp interest rate hikes, huge inflation and scant inventory all make for a stressed housing market.
ESA on EHS | The US housing market posted some ugly indicators in February, with near-record low inventory and huge price hikes (+15%).
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.
The US housing market had some outsized metrics in 2020 and is showing signs of cooling . This will have delayed impacts on other industries.
ESA on EHS | The US housing market had ups and downs in March, with tight inventory and very high pricing dampening gains.
As housing inventory bottoms out, median prices continue their rise to historic levels … spelling big challenges for buyers and realtors.
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
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.
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