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Current State of the Housing Market; Overview for mid-November
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Current State of the Housing Market; Overview for mid-November

A Sharp Decline in Sales, House Prices Falling

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Nov 11, 2022
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Current State of the Housing Market; Overview for mid-November
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Over the last month …

  1. New listings have declined further year-over-year.

  2. Mortgage rates had increased further but declined this week.

  3. 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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