by Calculated Risk on 9/10/2024 08:22:00 AM

Today, in the Real Estate Newsletter: ICE Mortgage Monitor: House Price Growth Slows, 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.

• Every major market has more inventory for sale that at the same time last year, with the largest improvements in the state of Florida, along with individual markets, including Denver, Seattle, and parts of Texas

• More than 1 in 5 markets are now back to, or above, 2017-2019 inventory levels, with markets like Lakeland, Austin, San Antonio, Denver, and Palm Bay all having at least 25% more homes for sale than typical for this time of year