by Calculated Risk on 11/05/2021 11:45:00 AM
Today, in the Real Estate Newsletter: 1st Look at Local Housing Markets in October
My view is that if the housing market is slowing, it will show up in inventory (not yet!).
Inventory almost always declines seasonally in October, so the MoM decline is not a surprise. Last month, these three markets were down 24% YoY, so the YoY decline in October is larger than in September. This isn’t indicating a slowing market (but this is just 3 early reporting markets).
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