National housing metrics for 12/18

Pad Prognostications

Pending home sales have declined Y-o-Y for 11 straight months, existing sales peaked in 11/17, existing inventory has been rising Y-o-Y for four straight months, and appreciation has been slowing for six straight months. Starts have been flat since 11/16, new sales have been falling since 11/17, and new inventory has risen from 4.9 months in 11/17 to 7.4. In 2019, starts and sales steady, appreciation slows, and inventories rise.

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Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

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About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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