by Calculated Risk on 7/03/2024 11:50:00 AM

Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Existing Home Inventory Surges in Florida and Texas

Brief excerpt:

The local data I track is indicating that Florida and Texas inventory is above normal, whereas inventory is still low in most of the country.

• While the new inflow of listings nationally has averaged a 23% deficit from pre-pandemic levels over the past three months, most Texas and Florida markets are seeing new listing volumes near or above pre-pandemic averages

• In fact, of the 19 markets with new listings volumes within 10% of their 2017-2019 same-month average, 14 are in Texas or Florida, including seven of the nine markets with surpluses

There is much more in the article.