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: https://www.freddiemac.com/media-room
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