November 22, 2024 5:08 am
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Seasonality can’t quite explain October housing slowdown

slowdownBy Jann Swanson | Mortgage News Daily

Home sales appeared to slam on the brakes in October, at least according to Redfin. The company said sales increased by only 0.3 percent compared to October 2014 representing “an abrupt slowdown from September’s double-digit growth.”

Even some of the hot markets among the 67 metropolitan areas tracked by the Seattle based company were among the 27 that posted slower sales than a year earlier. They included Seattle, Denver, Austin, Miami and Dallas.

When compared to September sales fell everywhere except San Francisco, Buffalo, Allentown, and Miami.

Continued:

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