Is the real estate market improving or standing still or going down?
I just read something that said,” Bridgeport, Houston, and Denver were the metro areas with the strongest showing, each with 1.6 percent monthly increases. Grand Rapids was up 1.5 percent followed by three Connecticut cities, Norwich, New Haven, and Torrington, with 1.4 percent gains. Tucson saw a 0.1 percent drop in its HPI and Lakeland Florida was unchanged from April to May.
Others at the bottom of Black Knight’s metro list were Los Angeles, Baton Rouge, and Oxnard (California), each with a minimal 0.2 percent gain.”
Sales are generally down after a few strong months. New home sales are down. Builders are having trouble finding workers so they are not building as fast as needed.
It’s still tough to get a loan and income has not increased much so affordability is not good.
So the real estate market is kind of stagnant in our area as well as much of the country.
