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2020 06-22 womanup!

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Latest US & CA Housing Stats

Published in: Real Estate
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2020 06-22 womanup!

  1. 1. WomanUP! 6/22/20 Latest Housing Stats
  2. 2. CALIFORNIA ASSOCIATION OF REALTORS® U.S. Housing Stats May 2020 Sales: -9.7% Prices: +2.3%
  3. 3. U.S. Sales expected to fall sharply in Q2 but bounce back quickly page 3 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 Q119 Q219 Q319 Q419 Q120 Q220 Q320 Q420 Q121 Q221 Millions U.S. Existing Single-Family Home Sales NAR Fannie Mae MBA Millions SERIES: U.S. existing home sales SOURCE: NAR, Fannie Mae, Mortgage Bankers Association 0.7% -30.7% 23.7% 8.5% 2.0% 1.9% 0.7% -24.7% 17.7% -8.0% 9.9% 4.5% 0.7% -13.6% 9.4% 4.7% 1.2% 1.6% -40% -30% -20% -10% 0% 10% 20% 30% Q120 Q220 Q320 Q420 Q121 Q221 U.S. Existing SFR Sales Growth (qtq%) NAR Fannie Mae MBA
  4. 4. U.S. Price effects are expected to be quite muted – lag sales decline page 4 $230 $240 $250 $260 $270 $280 $290 $300 $310 Q119 Q219 Q319 Q419 Q120 Q220 Q320 Q420 Q121 Q221 MedianPrice (Thousand) U.S. Existing Single-Family Median Price NAR Fannie Mae MBA SERIES: Median Price of Existing Home Sales SOURCE: NAR, Fannie Mae, Mortgage Bankers Association 7.2% -1.8% -3.1% 0.0% 7.2% 4.0% -0.7% -2.8% -0.4% 5.9%6.0% 0.8% -2.3% 1.7% 1.2% -4% -2% 0% 2% 4% 6% 8% Q220 Q320 Q420 Q121 Q221 U.S. Existing SFR Median Price Growth (qtq%) NAR Fannie Mae MBA
  5. 5. page 5 More than 45 million Americans have filed for unemployment insurance over the past 3 months SOURCE: FRED St. Louis Fed 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 U.S. Initial Unemployment Insurance Claims 37 million in ~2 years 45.7 million in 13 weeks
  6. 6. CALIFORNIA ASSOCIATION OF REALTORS® CALIFORNIA ASSOCIATION OF REALTORS® Mortgage purchase applications:11 year high 7.2 0.0 -14.2 -10.3 -11.5 -0.9 3.2 12.7 6.5 10.8 5.9 7.4 -6.7 15.0 1.9 -20 -15 -10 -5 0 5 10 15 20 3/6 3/13 3/20 3/27 4/3 4/10 4/17 4/24 5/1 5/8 5/15 5/22 5/29 6/5 6/12 Weekly Change in New Mortgage Purchase Applications All Purchase Loans Conventional Government -40% -30% -20% -10% 0% 10% 20% 30% 3/6 3/13 3/20 3/27 4/3 4/10 4/17 4/24 5/1 5/8 5/15 5/22 5/29 6/5 6/12 Year-to-Year Change in New Mortgage Purchase Applications
  7. 7. California: Coronavirus Market Impact
  8. 8. SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® *Notes: Due to cut-off time, latest week includes 6 days only Closed sales improved from mid-May but slowed in the latest week page 8 104 325 22 135 631 108 277 24 120 580 Bay Area So CA Central Coast Central Valley California Average Daily Closed Sales 3/7 3/14 3/21 3/28 4/4 4/11 4/18 4/25 **Closed sales for the latest week will likely be revised upward due to recording delays.
  9. 9. SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® *Notes: Due to cut-off time, latest week includes 6 days only Pending sales show modest growth page 9 121 369 24 175 744 173 462 38 263 1027 Bay Area So CA Central Coast Central Valley California Average Daily Pending Sales 3/7 3/14 3/21 3/28 4/4 4/11 4/18 4/25
  10. 10. SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® *Notes: Due to cut-off time, latest week includes 6 days only California new listings tightened page 10 182 511 40 240 1,068 172 410 33 190 876 Bay Area So CA Central Coast Central Valley California Average Daily New Listings 3/7 3/14 3/21 3/28 4/4 4/11 4/18 4/25
  11. 11. CALIFORNIA ASSOCIATION OF REALTORS® Closed prices increased in all areas except the Far North $0.00 $200.00 $400.00 $600.00 $800.00 Bay Area Central Coast Central Valley Far North Southern California Median Closed Sale Price ($/SF) 3/7 3/14 3/21 3/28 4/4 4/11 4/18 4/25 5/2 5/9 5/16 5/23 5/30 6/6 6/12
  12. 12. Thank You You can contact me at: lesliea@car.org

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