• California Bay Area Home Sales Decline 11% YoY in August, Inventory up 5% YoY

    13 days ago - By Calculated Risk

    Here are some Bay Area stats from Pacific Union chief economist Selma Hepp: Rising Housing Costs Hit the Bay Area's Most-Affordable Communities the Hardest
    • Bay Area home sales decreased by 11 percent year over year in August, the second-largest decline following June's 10 percent drop, dragging year-to-date sales down by 2 percent.
    • Inventory continued to improve, up by 5 percent from August 2017 after 16 consecutive months of year-over-year declines.
    • Eighty percent of the supply increase came from more inventory in Santa Clara County, followed by Sonoma and Alameda counties.
    • Most...
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  • Houston Real Estate in August: YoY Sales Distorted by Hurricane Harvey

    13 days ago - By Calculated Risk

    From the HAR: Hurricane Harvey Distorts Houston Housing Analysis
    Thousands of people are still haunted by Hurricane Harvey's devastating effects as they continue to rebuild their homes and lives. Even now, the storm is affecting the way housing numbers compare August 2018 to August 2017. The traditional year-over-year measurements that the Houston Association of Realtors® uses to track market trends have been thrown out of whack because Harvey halted most real estate activity across the greater Houston market during the final week of August 2017 and beyond....
    According to the traditional...
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