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California Home Sales Up 2.6% YoY in February; 4th Look at Local Housing Markets
Today, in the Calculated Risk Real Estate Newsletter: California Home Sales Up 2.6% YoY in February; 4th Look at Local Housing Markets A brief excerpt: Here are a few more local markets prior to the NAR release tomorrow. The NAR is scheduled to release February Existing Home sales on Thursday, March 20th at 10:00 AM. The consensus is for 3.92 million SAAR, down from 4.08 million in January. Last year, the NAR reported sales in February 2024 at 4.31 million SAAR. Housing economist Tom Lawler expects the NAR to report sales of 4.21 million SAAR for January. The consensus appears to be too low - take the over!!! ... From the California Association of Realtors® (C.A.R.): California housing market rebounds in February with highest home sales in more than two years, C.A.R. reportsFebruary’s sales pace surged 11.6 percent from the 254,110 homes sold in January and was up 2.6 percent from a year ago, when a revised 276,280 homes were sold on an annualized basis. The February sales level was the highest since October 2022. Although home sales have rebounded strongly, they have remained below the 300,000 mark since September 2022.... Several local markets - like Illinois, Miami, New Jersey and New York - will report after the NAR release. There is much more in the article.
Today, in the Calculated Risk Real Estate Newsletter: California Home Sales Up 2.6% YoY in February; 4th Look at Local Housing Markets
A brief excerpt:
A brief excerpt:
Here are a few more local markets prior to the NAR release tomorrow.There is much more in the article.
The NAR is scheduled to release February Existing Home sales on Thursday, March 20th at 10:00 AM. The consensus is for 3.92 million SAAR, down from 4.08 million in January. Last year, the NAR reported sales in February 2024 at 4.31 million SAAR.
Housing economist Tom Lawler expects the NAR to report sales of 4.21 million SAAR for January. The consensus appears to be too low - take the over!!!
...
From the California Association of Realtors® (C.A.R.): California housing market rebounds in February with highest home sales in more than two years, C.A.R. reportsFebruary’s sales pace surged 11.6 percent from the 254,110 homes sold in January and was up 2.6 percent from a year ago, when a revised 276,280 homes were sold on an annualized basis. The February sales level was the highest since October 2022. Although home sales have rebounded strongly, they have remained below the 300,000 mark since September 2022....
Several local markets - like Illinois, Miami, New Jersey and New York - will report after the NAR release.
