HOT: New Mexico, Louisiana, Montana and Mississippi
According to this article on MarketWatch this morning, existing home sales are up over 15% in the aforementioned states and down 22.2% year-over-year in Arizona, 19.2% in California, 18.2% in the District of Columbia, 15.7% in Florida and 15% in Nevada. Also noteworthy:
Home price appreciation cooled in all four regions. In the West, prices are up 12% in the past year compared with an 18.9% gain the previous quarter. Prices are up 6.7% in the Midwest, 6.6% in the South and 6.6% in the Northeast.
For sellers out there, slowing appreciation is considerably better than a YoY declines (evidence of which we are always on the lookout for)
