Current State of the Housing Market; Overview for mid-December
A Sharp Decline in Sales, House Prices and Rents Falling
Over the last month …
New listings have declined further year-over-year (YoY).
Mortgage rates have declined recently but are still up sharply YoY.
House prices are declining month-over-month (MoM) as measured by the Case-Shiller repeat sales index.
Rents are falling.
New Listings Have Declined Significantly
Here is a graph of new listing from Realtor.com’s No…