Residential Housing Stalled

The housing market is showing mixed signals, in a report recently sent out by Freddie Mac.  The report showed that the low of the residential market was in November of 2010.  Today’s numbers still reflect a weak market, and that market has actually declined recently from April to May. 

What got my attention was when I saw only 13 states out of 50 (plus D.C.) are now in the stable category!

 The states ranking on top are:

  • North Dakota
  • Washington, D.C.
  • Wyoming
  • Alaska
  • Montana

Eight of the 50 metro areas tracked also are in their stable range by historical standards. Ranking in the top five:

  • San Antonio, Texas
  • Austin, Texas
  • Salt Lake City
  • New Orleans
  • Houston

The most improving states year-over-year remained unchanged in May:

  • Florida
  • Nevada
  • California
  • South Carolina
  • Idaho

The most improving metros when evaluating year-over-year levels are:

  • Miami
  • Orlando, Fla.
  • Las Vegas
  • Riverside, Calif.
  • Austin, Texas

Be sure to check the link out below for additional information.  The economy is improving, just not very fast. 

Source: http://freddiemac.mwnewsroom.com/manual-releases/2014/Housing-Markets-Slog-Forward

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