Current State of the Housing Market; Overview for mid-November
A Sharp Decline in Sales, House Prices Falling
Over the last month …
New listings have declined further year-over-year.
Mortgage rates had increased further but declined this week.
House prices are declining month-over-month (MoM) as measured by the repeat sales indexes.
New Listing Have Declined Significantly
Here is a graph of new listing from Realtor.com’s October Housing Trends Report showing new lis…
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