by Calculated Risk on 5/07/2025 11:11:00 AM

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,

Keep reading this article on Bill McBride - Calculedriskblog.

Leave a Reply