1st Look at Local Housing Markets in April
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in April A brief excerpt: This is the first look at several early reporting local markets in April. I’m tracking over 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released. Closed sales in April were mostly for contracts signed in February and March when 30-year mortgage rates averaged 6.84% and 6.65%, respectively (Freddie Mac PMMS). This was a decrease from the average rate for homes that closed in March. Any negative economic impacts from policy mostly happened in April, and that will probably not impact existing home sales until the May or June reports. ... In April, sales in these markets were down 0.9% YoY. Last month, in March, these same markets were down 1.3% year-over-year Not Seasonally Adjusted (NSA). Note that most of these early reporting markets have shown stronger year-over-year sales than most other markets for the last several months. Important: There were the same number of working days in April 2025 (22) as in April 2024 (22). So, the year-over-year change in the headline SA data will be close to the change in the NSA data (there are other seasonal factors). ... Many more local markets to come!There is much more in the article.
Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in April
A brief excerpt:
A brief excerpt:
This is the first look at several early reporting local markets in April. I’m tracking over 40 local housing markets in the US. Some of the 40 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released.There is much more in the article.
Closed sales in April were mostly for contracts signed in February and March when 30-year mortgage rates averaged 6.84% and 6.65%, respectively (Freddie Mac PMMS). This was a decrease from the average rate for homes that closed in March. Any negative economic impacts from policy mostly happened in April, and that will probably not impact existing home sales until the May or June reports.
...
Note that most of these early reporting markets have shown stronger year-over-year sales than most other markets for the last several months.
Important: There were the same number of working days in April 2025 (22) as in April 2024 (22). So, the year-over-year change in the headline SA data will be close to the change in the NSA data (there are other seasonal factors).
...
Many more local markets to come!
