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Existing home sales stabilized at the end of 2022, & mortgage rates have fluctuated between 6% -8% since then. Our weekly pending contract data has shown growth compared to the data from 2022 and 2023 since October.
A new tracker will be released later today.
Resurrection of the resale housing market might finally be upon us in 2025.
This is a 3-month forward-looking model based on unique Google search terms, and it’s clearly showing momentum to the upside for resale sales but the opposite for new home sales in early 2025.
These major housing markets are back above pre-pandemic inventory levels:
Austin, TX
San Antonio, TX
Memphis, TN
New Orleans, LA
Tampa, FL
Phoenix, AZ
Orlando, FL
Denver, CO
ResiClub PRO members can access data for 800+ metros and 3,000+ counties: https://t.co/2Pa2pIMH3D
If you are looking to buy a home, you surely have questions, starting with, “How much house can I afford?” We answers those questions, and help you understand how much house you can afford. #mortgage#prequalified#preapproval#homebuying
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