October's U.S. new home sales came in at 737K units, beating the forecast of 715K. Month-over-month, sales showed minimal decline at -0.1%, defying expectations of a steeper -10.6% dip.
Median sale prices reveal an interesting picture: the market settled at $392.3K, marking a pullback from September's $413.5K. However, year-over-year comparison tells another story—prices remain elevated, up 1.9% compared to August 2024.
The resilience in new home sales despite earlier bearish predictions suggests housing demand hasn't collapsed as some feared. That said, the median price decline signals potential affordability stress or shifting buyer sentiment. For crypto investors monitoring macro conditions, these mixed signals reinforce the complex state of traditional asset markets and liquidity dynamics heading into the final quarter.
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ContractCollector
· 3h ago
Housing prices have fallen but sales haven't collapsed. This wave is indeed a bit confusing... What is the market playing at?
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AllTalkLongTrader
· 6h ago
The housing market hasn't collapsed, really, but the price plunge is indeed awkward.
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Wait, sales beat expectations but prices actually fell? I know this trick, it's a classic case of high prices but low market activity.
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$392.3K still dares to be called cheap? Wake up, everyone, this is the real affordability crisis.
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Month-over-month only down 0.1%? Feels like the data is lying to me; the market looks very weak.
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Crypto lacks liquidity, and traditional housing markets are starting to behave strangely. It's all the Federal Reserve's doing.
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I'm even more nervous about the new home sales exceeding expectations. Feels like the final frenzy?
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GateUser-2fce706c
· 13h ago
I've already said that this wave of the housing market isn't as pessimistic as some think. Those still calling for a crash just haven't caught the rhythm. I'm optimistic about the liquidity release in the fourth quarter; the crypto market is about to take off.
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pumpamentalist
· 01-13 18:57
The housing market is pretending to be dead again, with sales exceeding expectations but prices dropping? This is a classic case of a "false alarm." What are buyers waiting for? Still out of money?
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LucidSleepwalker
· 01-13 18:56
Housing prices have fallen but sales haven't collapsed, this data gives the bears a hard slap in the face
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MemeKingNFT
· 01-13 18:53
Real estate data is lying again, 737K exceeds expectations? Haha, isn't this the old trick of "Mainland ups and downs"—surface numbers look good, but actual prices are already plunging.
Prices have dropped by 21 yuan, and you still dare to claim demand hasn't collapsed? On-chain data teaches me to see through these traditional market retail investor mindsets. Wake up, everyone.
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StealthDeployer
· 01-13 18:49
Real estate data is so tangled... Sales volume exceeds expectations but prices are falling. What is this telling us? The true bottoming hasn't arrived yet, right?
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MetaverseVagrant
· 01-13 18:36
The house isn't selling anymore, so the price has to be lowered.
October's U.S. new home sales came in at 737K units, beating the forecast of 715K. Month-over-month, sales showed minimal decline at -0.1%, defying expectations of a steeper -10.6% dip.
Median sale prices reveal an interesting picture: the market settled at $392.3K, marking a pullback from September's $413.5K. However, year-over-year comparison tells another story—prices remain elevated, up 1.9% compared to August 2024.
The resilience in new home sales despite earlier bearish predictions suggests housing demand hasn't collapsed as some feared. That said, the median price decline signals potential affordability stress or shifting buyer sentiment. For crypto investors monitoring macro conditions, these mixed signals reinforce the complex state of traditional asset markets and liquidity dynamics heading into the final quarter.